Company Tag: OnTheMarket

At the end of April - during the Covid-19 lockdown - the property portal started handing out shares in the business as welcome gifts with new listing contracts.

OnTheMarket and Rightmove are offering discounted prices for another two months. "It will also take time for agents to build a pipeline of vendors and new sales instructions," says Rightmove.

Portal now has 9,000 branches on paying contracts and has seen 'strong increases' in weekly new instructions, traffic and leads, but expects its bottom line to suffer from reduced ad spend and the cost…

OnTheMarket has revealed which listings with 3D virtual tours have garnered the most attention over the last couple of months, including a £28m townhouse in Belgravia, a converted water tower in West…

OTM is the first big portal to allow househunters to exclude physical-tour-only listings from searches.

The Coronavirus crisis could precipitate a big shift in the property portal landscape, says Clive Beattie, acting CEO of OnTheMarket.

"This is a defining moment for agents as they make their short-term and longer-term portal choices," says property portal boss.

Property portal outlines a suite of cash-preservation measures designed to help it through the Coronavirus crisis.

Property portals around the world are rallying to retain customers as the Coronavirus lockdown quells market activity; British portals are offering the deepest discounts of all.

Property portal introduces a three-month "payment support initiative", offering a third off listing fees for full-price members only.

OnTheMarket Plc "has given notice of termination of employment to Ian Springett, Chief Executive Officer, with immediate effect".

Rupert Sebag-Montefiore - former Head of Global Residential at Savills and CEO of Savills UK, and Chairman of Primelocation - has joined OnTheMarket as independent Non-Executive Director.