StockMarketWire.com - Online property portal OnTheMarket said traffic to its portal in January exceeded 23.5m visits, setting a new monthly record.

The company said its portal attracted over four times the number of visits compared with February 2018, when it was admitted to AIM.

As at 31 January 2019, OnTheMarket.com displayed over 600,000 UK residential property listings.

The company said its UK property stock was now over 80% of Zoopla's and approximately 60% of Rightmove's.

'In less than a year since our IPO we have significantly reduced the gap in property listings between our portal and Rightmove and Zoopla and have dramatically increased the number of visits made to it,' chief executive Ian Springett said.

'These achievements have produced strong network effects, manifested by the very substantial numbers of leads we are now delivering to our agent customers.'




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