A good day for an update on my experience with Purplebricks…
Continue reading “Purplebricks test: this is what they did and my reaction [UPDATED]”
Because many think they understand property. Insights help to think again.
A good day for an update on my experience with Purplebricks…
Continue reading “Purplebricks test: this is what they did and my reaction [UPDATED]”
I’ve been asked by a few people about latest thoughts on Belvoir re my hybrid experience. The short answer is
Continue reading “Follow up on yesterday’s post – Belvoir vs Purplebricks/hybrids”
Some pointers of what’s going on in the UK rental and sales market…
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”
The next stages in renting my house in London. PB sent a local expert to take the photos for my house for let. His background was also telling. He was a sub-
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”
I need to rent out my house in Chiswick as my family moves to Kent. I took the opportunity to road-test the Purplebricks service and compare it to the traditionals. I was interested to see the calibre of the local lettings expert (LLE) and how local and expert they really are.
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?”
I’m ignoring the noise and see things as generally ok so far and my best guess is they will stay that way. The online model has failed but Purplebricks has a bright future. Here’s why…
Continue reading “Dont’ Panic! Cutting through the noise. Onlines failing; Purplebricks succeeding”