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Pin to quick picksOnthemarket Share News (OTMP)

Share Price Information for Onthemarket (OTMP)

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Share Price: 90.00
Bid: 85.00
Ask: 95.00
Change: 0.00 (0.00%)
Spread: 10.00 (11.76%)
Open: 90.00
High: 90.00
Low: 85.00
Yest. Close: 90.00
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OnTheMarket hails record monthly traffic in January

Thu, 6th Feb 2020 07:54

(Sharecast News) - Property portal OnTheMarket.com hailed a new monthly record on Thursday, as it said traffic to its portal in January topped 30 million visits.
This marks a 28% increase on January last year and is 11% higher than the previous record of 27.2m in September 2019.

This meant there was a record number of leads for OnTheMarket's estate agent, letting agent and new homes developer customers, with the total number of phone and email leads up 52% compared to January last year. Average leads per advertiser rose 35% to 126 from January 2019.

In addition, OnTheMarket said it sent more than 140m instant property alerts in January.

Chief executive Ian Springettsaid: "Our strong January performance provides powerful further evidence that our growth strategy is working and engagement is building amongst both property-seekers and agents.

"Our brand proposition and our multi-channel marketing investment have proven effective in attracting active property-seekers to the portal. Many of our agent shareholders and customers are choosing to list their properties on a 'New & exclusive' basis, 24 hours or more before Rightmove or Zoopla, and we are generating greater value than ever for our agents and new homes developers."

At 1310 GMT, the shares were down 1.5% at 78.80p.

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