OnTheMarket has significantly increased its traffic, stock and agents using the platform after being purchased by CoStar Group in December 2023.
In the past 10 months there has been a 212% increase in traffic, total stock increased by 45%, while the number of listing estate agents has grown by 27%.
Andy Florance, founder and chief executive of CoStar Group, said: “Our year-over-year growth speaks volumes about our commitment to delivering exceptional value to both property seekers and agents and we look forward to building on these successes and delivering superior ROI to clients.”
The parent company has spent £46.5 million on growing OnTheMarket since making the acquisition.
Jason Tebb, president of OnTheMarket, said: “We have utilised the investment and expertise of CoStar with immediate effect, assembling the components of a best in class, user-focused platform, increasing traffic and advertisers far more quickly than initially expected.
“But this is only the beginning. Our focus remains on becoming the number one property search site in the UK.”
