OnTheMarket posts new monthly traffic volume record in May

Writer,

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Real estate portal OnTheMarket said traffic to its portal in the month of May had a new monthly record.

The company recorded 25.4m site visits, up 8% on January's seasonal high and previous record month of 23.5m visits.

As at 3 June, OnTheMarket.com displayed over 650,000 UK residential property listings.

The company said its UK property stock was now over 83% of Zoopla's and around 65% of Rightmove's.

'Our May performance is further evidence that our growth strategy is working,' chief executive Ian Springett said.

'We have delivered another set of record-breaking traffic and leads results for our estate and letting agent customers, many of whom are choosing to list their properties on a new and exclusive basis.'

'This is driving traffic to our portal while injecting competition into a market which was previously a duopoly'.