By Trevor Abrahmsohn, Founder OTM and CEO Glentree International.

You have probably read a good deal of media comment about the ‘smash and grab’ bid by the multi-billion-dollar US portal group CoStar, for the UK agent owned, publicly listed, residential portal OnTheMarket.com (OTM).

I was the original founder of OTM in 2010 and was motivated to start a disrupter site since the two incumbents, Rightmove and Zoopla, were abusing their duopolos position in the marketplace, by charging agents what they liked for their subscription fees and by doing so, made a glutinous profit. Continue reading →

By Trevor Abrahmsohn, Founder of OnTheMarket.com and CEO, Glentree International.

As the founder of OnTheMarket.com (OTM), in 2010, and a substantial original shareholder, I am implacably against the present offer of 110p per share or £100million for the entire issued share capital of OTM.com. Continue reading →

By Trevor Abrahmsohn, Glentree International.

I founded OnTheMarket.com (OTM) in November 2010 following a secret meeting which I set up with ‘the great and the good’ of the estate agency industry, in the Cellar Room of Zafferano Restaurant in Belgravia.

My driving force was that I was sick to my stomach with the ever-increasing tariffs charged to my agency, Glentree, by Rightmove and Zoopla at the time and I thought it would be an excellent idea to assemble twelve of the heads of the most illustrious estate agents across the UK. Continue reading →