Purplebricks group final results

Last Thursday 16th June Purplebricks Group released their final results for the 12 months ended 30 April 2016.

Commenting on the results, Michael Bruce, Chief Executive, said:

 “In just our second full year of operation we are leading change in an industry that has long been stagnant and is only now waking up to the opportunities and threats posed by technological advance and changing consumer behaviour. While others are following we have retained our leading position, with 62% of the non-traditional estate agency market and look to replicate this success in Australia.

 We are confident in making continued rapid progress in the current financial year. Our investment in technology, building brand awareness and trust, expanding the Data Sales Unit and the continued recruitment of LPEs, which we anticipate will rise to 245 by the end of June  should help us win further market share, the benefits of which are already starting to flow through our operationally geared business model.

We continue to demonstrate that our full service estate agency model has growing appeal, having sold and completed on £2.8bn of property this year and a further £1.7bn of property in the pipeline sold subject to contract.  Notwithstanding our growth, I am proud to say that we are the most reviewed estate agent in the UK, achieving a rating of ‘Excellent’ from 5,800 Trustpilot reviews.”

To read the final results in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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