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What’s really going in UK/London property?; How much do bad photos affect a sale?; Purplebricks looking for experienced agent (+ve); Countrywide ends acquisitions (-ve); proptech & more

Some pointers of what’s going on in the UK rental and sales market…

Continue reading “What’s really going in UK/London property?; How much do bad photos affect a sale?; Purplebricks looking for experienced agent (+ve); Countrywide ends acquisitions (-ve); proptech & more”

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More on hybrids/Purplebricks vs traditionals/Countrywide; LSL cross-selling; Independent response to hybrids (oh dear); new PropTech from the US; Foxtons expanding rapidly but not making money out of it

Countrywide is rolling out its Flexi-service but they really don’t want to sell it to you if they can avoid it. I’ve made the hybrid vs traditional and Countrywide vs Purplebricks arguments a lot lately but these are important trends so here are latest points. Continue reading “More on hybrids/Purplebricks vs traditionals/Countrywide; LSL cross-selling; Independent response to hybrids (oh dear); new PropTech from the US; Foxtons expanding rapidly but not making money out of it”

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It’s Friday so here’s a couple of simple charts for you, a hyrbid vs traditional and a Foxtons and Countrywide comment

Hybrid is winning the growth race

Since the Brexit vote, Purplebricks has added a net 27 properties for sale per day, putting clear sky between it and others by growing 5x as fast as the next fastest (YOPA) and 7x the fastest traditional agent (Connells). Notably, Continue reading “It’s Friday so here’s a couple of simple charts for you, a hyrbid vs traditional and a Foxtons and Countrywide comment”

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UBS is wrong on Purplebricks & are letting agents at peak greed?

I disagree on negative Purplebricks and positivity of online-only from UBS

UBS released a report with the main themes of growth of online-only vs traditional and negative on Purplebricks on valuation. I think they’re wrong on both. The top 8 online-onlys bleed cash and are neither new nor in growth phase. It’s the hybrid model that’s succeeding and, yes, I Continue reading “UBS is wrong on Purplebricks & are letting agents at peak greed?”