OnTheMarket says it now has 7,500 branches on board

OnTheMarket says it has now struck listing agreements with 7,500 agency branches, adding over 2,000 branches since floating on the London stock market in February.

In a statement to shareholders this morning it says: “The offering of predominantly free or discounted introductory rates is a key element of the company’s growth strategy, which aims to increase the core agent customer base, the number of their property listings on the portal and the traffic the portal attracts.”

The firm says it has also more than doubled its sales team from 15 to 32 people.

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