CoStar Group, a real estate data giant, has recently made an offer to acquire OnThe Market, the third most visited residential property portal in the United Kingdom. Based in the US, CoStar is a leading provider of information, analytics and marketing services to commercial real estate industry professionals. The offer from CoStar marks its latest venture into the UK residential market.
OnThe Market is believed to have around 750,000 active buyers browsing its portal, with more than 99% of these visitors from the domestic UK market. The acquisition deal is likely to increase CoStar’s market share and enable it to gain access to a greater pool of engaged buyers and homeowners in the UK and internationally. If successful, this move has the potential to transform the UK’s residential property market.
Some of the key points of the acquisition include:
• CoStar Group’s acquisition offer for OnThe Market
• CoStar is a leading provider of information, analytics and marketing services to commercial real estate industry professionals.
• OnThe Market is believed to have around 750,000 active buyers browsing its portal, with most of them from the domestic UK market.
• Acquisition could enable CoStar to gain access to a greater pool of engaged buyers and homeowners in the UK and internationally
• Potential to transform the UK’s residential property market
You can read this full article at: https://www.housingwire.com/articles/costar-poised-to-acquire-uk-based-residential-portal-onthemarket/(subscription required)
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