OnTheMarket says tide is turning in portals market

Testing times in property agency bring heightened tension – especially amongst those who crunch the numbers within their business. Today, OnTheMarket adds their facts, figures and member sentiment to the mix. With Rightmove lambasted for ever-rising costs and equally stratospheric profits, it’s no surprise to hear that a number of agencies have pulled away from the ‘mother ship’ of property advertising as rices rise while business droops.

OnTheMarket says, “A number of estate and letting agents who advertise their properties with them have now been off Rightmove for six months and say it has been business as usual, while they have benefited from lower fees. “Some agents say they are now getting more in terms of quality leads for less money, while others suggest the lettings fee ban will force more agents to come away from Rightmove.”

OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.

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