OnTheMarket PLC (AIM:OTMP), operator of the OnTheMarket.com property portal, said it has made a positive start to the year to end-January 2023 and that trading has been in line with the board's expectations.
“Notwithstanding the well-publicised macro-economic uncertainty, the fundamentals of the UK residential property market currently remain good, with market activity remaining high and demand for properties significantly outweighing supply,” said non-executive chairman Christopher Bell in a statement ahead of the group’s annual general meeting today.
OnTheMarket, which is owned by estate agents, recently posted a 13% rise in underlying profits for the year to end-January 2022 as revenues jumped 32%.