A leading UK property web site is offering estate agents a slice of its share capital for free.

Fish4homes.co.uk announced today that it will allocate up to 20 per cent of its share capital, free of charge to estate agents who place their properties on to the site.

Through the offer, Fish4homes aims to consolidate its position as one of the UK's biggest databases of properties for sale or rent online.

With rapidly expanding traffic, the fish4homes site now enjoys 180,000 visits each month and carries information on over 110,000 homes - the equivalent to a quarter of all residential properties for sale in the UK.

Estate agents whose properties already appear on Fish4homes will be eligible for shares immediately. The offer will also apply to agents who register with the service before the end of May.

The site is not tied to any financial products or organisations and therefore offers agents an independent online platform on which to advertise their properties.

Fish4 chief executive Jonathan Turpin said: "We are committed to working in partnership with estate agents. This share offering will give them a substantial share in the value of the business being created.

"Our aim is to help estate agents find new buyers and sellers. We do this by providing a simple, easy-to-use service for consumers that delivers the most comprehensive choice of properties from the widest range of estage agents.

As part of the Fish4 network of sites, Fish4homes attracts users from across its family of sites whch included Fish4 news, Fish4cars, Fish4jobs, Fish4shopping, as well as its 104 local news and information sites.

The Fish4 websites were set up by the UK's leading local newspaper groups, including Newsquest, owners of the Argus.

The website can be accessed through the Argus website at www.thisisbrighton.co.uk or at www.fish4homes.co.uk