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”

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”

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”