What the letting fee ban means for Purplebricks and the lettings franchisors

Some thoughts on the newspaper view that Hammond is about to ban letting agent fees in England and Wales. Firstly, PB’s letting business is tiny compared to its estate agency business – about 300 properties for rent vs 9,000 for sale so any impact to numbers will likely be equally small. That said, I expect PB will need Continue reading “What the letting fee ban means for Purplebricks and the lettings franchisors”

Room for good traditionals as hybrids grow; Why do property transactions fail? YOPA goes for TV; some proptech showing ‘peak hype’; ASA slaps wrists of hybrids & more

A Which? Survey from earlier this month suggested that a significant number of home buyer – 36% – had used traditional methods to find their homes. That backs up my idea that there is room for good traditionals to compete effectively against hybrids but they’ll have to rein in their fees if they want to maximise their share and drop their costs if they want to maximise their profits.  Continue reading “Room for good traditionals as hybrids grow; Why do property transactions fail? YOPA goes for TV; some proptech showing ‘peak hype’; ASA slaps wrists of hybrids & more”

Is lettings the hidden value in Purplebrics? And a (dumb) response by a traditional

Lettings: the hidden value in Purplebricks shares?

As should be clear from my experience letting out my London house, the Purplebricks platform is a big improvement over the manual process traditional letting agents use BUT Purplebricks doesn’t seem to be doing the job to actually let out my house. Continue reading “Is lettings the hidden value in Purplebrics? And a (dumb) response by a traditional”