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”
So my house was being viewed but hadn’t rented after 5 weeks of marketing. All three agents expressed surprise that it hadn’t rented as they claimed (in the two traditionals cases) that they had rented worse houses for similar amounts previously and (in PB’s case) it seemed well priced vs others on Rightmove.
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”
Some good indications on the PB platform for lettings which, in summary, is that it really does make a tedious process easier BUT it’s not clear who is getting in the best potential tenants which is all that really matters. PB needs
MD of Martin & Co’s Xperience is retiring… to a new job
A good day for an update on my experience with Purplebricks…
I’ve been asked by a few people about latest thoughts on Belvoir re my hybrid experience. The short answer is
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”