OnTheMarket plc (LON:OTMP), the agent-backed company which operates the OnTheMarket.com property portal, has today announced that leading South of England full-service agent Andrews has signed a long-term agreement to advertise its UK residential sales and lettings properties at OnTheMarket.com.
Under the long-term agreement, Andrews has also agreed actively to promote the OnTheMarket.com portal brand with digital and branch-based marketing activity. The agent operates a network of over 50 branches across the South of England, including Bath, Bristol and London.
David Westgate, Andrews Group Chief Executive, says: “We did not join OnTheMarket.com in its early days. However, we have closely watched its recent growth since its listing on AIM and we have been impressed by the undoubted momentum it has built amongst both agents and property-seekers. In a market where agents provide the portals with the majority of both their content and revenue, we are highly attracted by the agent-backed business model and are now very pleased to announce our support for OnTheMarket by committing to a long-term listing agreement.”
Ian Springett, Chief Executive Officer of OnTheMarket plc, says: “We are thrilled to welcome Andrews to OnTheMarket and to have entered into a long-term contractual agreement. As an independent firm with a strong reputation for its quality of customer service and ethical standards, Andrews has achieved an enviable market share in the South of the UK and the firm will undoubtedly strengthen our position in the area with its property listings and positive support for our proposition.”