U.K. property portal OnTheMarket is continuing to lose listings on its site in addition to its share of the portal market according to an internet monitoring service run by a financial giant, reports Estate Agent Today.
Morgan Stanley released data which said:“In the UK, ZPG and Rightmove listings remain stable, whilst OnTheMarket continues to lose share.”
The report continued by saying that since December, Rightmove added 58,000 properties to its inventory and Zoopla has added 38,000 – both were increases of six per cent to their respective inventory totals at the end of last year.
The analysis continued on to state that Zoopla’s listing market share against Rightmove has remained broadly stable at around 74 per cent.
However, it says OnTheMarket has lost 6,000 properties since December – equivalent to two per cent of its stock.