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”

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”

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”