« Back to all posts

Purplebricks is now the biggest agent in UK by listings on Rightmove, claim

Reposit NS

Purplebricks is now the largest agent in the UK by listings on Rightmove, broker Zeus Capital has said.

The claim has been made by Zeus Capital research director Robin Savage.

Savage also said that Purplebricks’ growth has been “at the cost of its competitors who are not terribly happy”.

He said that next spring Purplebricks will take more share of the market, and in the UK will make EBITDA profits of £15m during the current financial year, rising to £30m next year and £45m the year after that.

Savage said that the customer experience of Purplebricks has been overwhelmingly positive.

He said: “There made be the odd detractor who has difficulty selling their home for particular reasons – but there are considerably more happy customers than there are unhappy ones”.

Zeus Capital is broker to Purplebricks and advised it on its successful stock market launch. Zeus Capital is also advising OnTheMarket on its own IPO.

An interview with Savage can be heard here: https://www.directorstalkinterviews.com/interview-purplebricks-group-plc-interesting-time-investors/412737330

Meanwhile, easyProperty has said that its own diminishing stock on Rightmove is due to the fact that these are legacy properties being handled centrally and not by its licensees. But yesterday easyProperty boss Jon Cooke admitted that he does not know what the firm’s current national inventory actually is. See next story.

x

Email the story to a friend

FREE
daily news
email from EYE

straight to your inbox

Join 20,000 industry colleagues
and subscribe to our free daily news email.


(You may unsubscribe at any time and we promise never to sell or pass on your email address)

Thank you! To complete the subscription, please click the link in the email we just sent you.

Hamilton Fraser NSLANDMARK/SMARTVAL NSViewber 1 NSON THE MARKETRentmyhome NSPaypropHUNTERS NS - to June 2017NES NSKapturNFOPP SkyscraperTM trainingjobs board nsArena Push news story pages

[ comments ]

Source:: Purplebricks is now the biggest agent in UK by listings on Rightmove, claim