Number of branches listing via OnTheMarket nearly doubles in six months

first_img OnTheMarket says it has reached a new high in the number of agents listing with the portal.Its CEO Ian Springett says 10,500 sales and letting agent branches now list on its service, an almost doubling of its tally since it went public on the AIM stockmarket in February.This pushes the company’s market share of all UK branches to 57%, helped by its deal structure of free introductory trial offers for agents who sign. OTM says it will later convert these agents to full subscriptions.The next six to 12 months therefore will be an ultimate ‘make or break’ test of both the OnTheMarket offering and of some agents’ willingness to pay for three portals.Independents“As our property stock continues to rise and traffic increases in response to our recent marketing push, we are receiving positive feedback from more and more agents across the country about the level of good quality leads we provide,” says Springett (pictured, below),“Many agents are relatively small, family-run, independent businesses, which want to see greater value for money from portals, as well as a real choice for consumers when it comes to searching for property.“As an agent-backed business, OnTheMarket’s strategy allows agents to benefit through fair, sustainable pricing and the ability to invest in, and benefit from, the success of their portal, while keeping agents at the heart of each transaction to leverage their local knowledge and expertise.”Read more latest news about OTM.Ian Springett OnTheMarket OTM springett August 24, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Marketing » Number of branches listing via OnTheMarket nearly doubles in six months previous nextMarketingNumber of branches listing via OnTheMarket nearly doubles in six monthsPity the sales team! Portal has hit 10,500 branches, some 5,000 more than when it went public on AIM in February.Nigel Lewis24th August 201801,157 Viewslast_img read more

Liberal Democrats vote to scrap Section 21

first_imgThis is one of those political issues where any professional experienced person in the particular sector under discussion could in fact be enraged or desperate, that some politicians have any idea of the facts or the positives and negatives of the matter.Labour’s Shadow Chancellor, John McDonnell, has already confirmed that Labour is considering giving private tenants the right to buy their homes. He insisted property owners would not lose out, but suggested longterm tenants could be allowed to buy at a sub-market rates.Yesterday (Tuesday 17th September) at the Liberal Democrats Autumn conference took time out from the sunshine on Bournemouth seafront (pictured) to vote on the party’s motion – which creates the party’s new policy F44: Protecting Private Tenants.David Cox, Chief Executive, ARLA Propertymark responded to the Liberal Democrats motion to scrap Section 21 ‘No Fault Evictions’ saying: “Today’s vote at the Liberal Democrat Conference is another attack on the private rental sector and landlords operating within it. The effects of the tenant fees ban have not yet been felt, and yet more proposed legislation could deter landlords from operating in the market.“Although in the majority of cases there is no need for Section 21 to be used, there are times when a landlord has no choice but to take action and evict tenants from a property. The proposed commitment will only increase pressure on the sector and discourage new landlords from investing in buy-to-let properties.“This comes at a time when demand is dramatically outpacing supply, and rent costs are rising. ARLA Propertymark will be engaging with the Liberal Democrats to ensure they fully understand the consequences of any changes, and all changes are based on evidence, so landlords have the ability to regain their properties if needed.”liberal democrats ARLA Propertymark Section 21 Sheila Manchester David Cox eviction September 18, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Liberal Democrats vote to scrap Section 21 previous nextRegulation & LawLiberal Democrats vote to scrap Section 21Another attack on the private rented sector, as the Liberal Democrat party conference passes its new policy, ‘F44: Protecting Private Tenants’.Sheila Manchester18th September 201901,496 Viewslast_img read more

OTM extends discounted fees to end of September but will Zoopla follow?

first_imgHome » News » COVID-19 news » OTM extends discounted fees to end of September but will Zoopla follow? previous nextCOVID-19 newsOTM extends discounted fees to end of September but will Zoopla follow?’Third portal’ says it has enough cash to fund the extended offers, which sees its fees discount held at 30% during August but reduce to 20% in September.Nigel Lewis23rd June 20200754 Views OnTheMarket (OTM) has extended its reduced fees period by two months from 25th July to 25th September, the first of the big three portals to do so.This strongly increases the likelihood that Zoopla will now consider following suit after Rightmove also extended its discounted fee scheme.As we report this morning, Rightmove is under heavy pressure from several campaigning groups to reveal its hand ahead of its own 25th July deadline.OTM’s discount will remain at 33% until August and then reduce to 20% during September.These discounts will be given to all OTM agent customers who are paying on full-tariff listing agreements and that it has enough cash to survive the crisis. At the end of May it had net cash of £8.8m, deferred creditor payments of £2.3m but no borrowings.“Whilst we have seen record levels of leads in recent weeks, which is a testament to the strong engagement OnTheMarket.com has with consumers who are currently active in the property market, we believe agents continue to face challenges and that offering this discount extension package will assist them as they continue to restart operations,” says acting CEO Clive Beattie (pictured, above).OTM says that traffic to its website has begun to ramp up again hitting six million visits at week since the housing market re-opened in England while leads generated last week were at 440,000, up from 430,000 the week before.“It remains the core strategy of OnTheMarket, as the majority agent-owned portal, to deliver value and to provide first-class support for our agent customers,” says Beattie.Read more about OTM’s fees reduction track record.clive beattie OnTheMarket OTM June 23, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more