“We are making tremendous progress with our strategy of becoming the leading agent-friendly platform in the UK residential marketplace. We believe that we are now the fastest growing residential portal in the UK in a very small space of time following the acquisition of the business, we have initiated the first phase of a multiyear program to drive consumers to OnTheMarket which will significantly increase the quality of valuable leads to our agents at fair and sustainable prices.

We believe we can create the number one property portal in the UK, leveraging CoStar Group’s expertise and resources. With the successes of Apartments.com and Homes.com, we have a proven playbook to follow, which perfectly complements our knowledge of the UK market and our differentiated product.”