# OnTheMarket Add over 3,000 more agent offices on paid contracts

- Link: https://www.directorstalkinterviews.com/onthemarket-add-over-3000-more-agent-offices-on-paid-contracts/412800374
- Published: 2019-12-10T07:10:03+00:00
- Author: Giles Arbor

**OnTheMarket plc** (LON: OTMP), the agent-backed company which operates the OnTheMarket
property portal, has provided an update on its progress in adding agents on new 
paying contracts.

As at the 2nd December 2019, over 3,000 more offices had been signed under new paying
contracts to list all their residential properties at OnTheMarket. The progress 
builds on the support from thousands of firms already on long-term paying contracts
at the time of admission to AIM in February 2018.

![onthemarket new (OTMP)](https://www.directorstalkinterviews.com/wp-content/uploads/
2019/12/onthemarket-new-exclusive.jpg "OnTheMarket Add over 3,000 more agent offices
on paid contracts (OTMP)")

This announcement signals continuing rapid progress from the 30th September 2019
when OnTheMarket had 2,346 more offices signed under paying contracts.

Agent offices listing remain in excess of 12,500 offices, up from 5,500 at the time
of admission to AIM in February 2018. The majority of the offices joining since 
admission signed initially under short-term introductory free trial offers. Conversion
of these offices onto paying contracts is a key strategic focus for OnTheMarket.

> **Ian Springett, Chief Executive Officer of OnTheMarket plc, commented:**
> “I am very pleased to be reporting this milestone of adding over 3,000 agent offices
> to paying contracts. This has been achieved during a period of challenging trading
> conditions for UK agents and the traditional seasonal downturn in market activity.
> “It is further encouraging evidence of growing agent support. The ongoing growth
> in the number of branches under paying contracts is key to the Group’s transition
> into profitability. Agent backing in a variety of practical ways is key to creating
> an edge over our rivals in the portals market.
> “Our continued progress in attracting more agents to support the portal and our
> early success in attracting house-builders give us encouragement as we focus on
> achieving our key objectives for the coming year.”

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