OnTheMarket shares rose 2.6% to 88.9p in late afternoon trading after the firm announced London estate agency Foxtons had signed an agreement to advertise its UK residential sales and letting properties on the company’s site.
Foxtons is set to list its properties on OnTheMarket.com, and will reportedly add value to OnTheMarket’s client offerings, according to the property portal group.
“We are delighted to welcome Foxtons to OnTheMarket. We have been working hard to enhance our offer, adding products and services to deliver greater value to agents and consumers,” said OnTheMarket CEO Jason Tebb.
“Being recognised by Foxtons is further proof that our strategy is working and there is more to come as we continue to develop our differentiated, technology-enabled property business.”
