Purplebricks shares crash by a third
February 21, 2019
The online estate agent concept Purplebricks who seem to be taking on the world have seen their share price plummet recently following negative news on their international expansion and a recently weakened market in the UK.
A 37% drop was seen this week (currently 26.06% when writing this article) which goes against their fairly robust since 2012. Live share price can be viewed here. A downgraded revenue forecast has been announced from £165-175 million to £130-140 million.
Full story released on Yahoo website.
You May Also Enjoy
Breaking Property News – 24/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Smart Spaces delivers the world’s first implementation of HID’s mobile credentials in Google Wallet at Workspace Mobile access control integration makes entry to The Light Bulb building effortless for customers London, April 23, 2024 – Smart Spaces announces today that it has partnered with trusted identity provider,…
Read More 
An average rate of 6% for the first time since November – Rightmove’s weekly mortgage tracker
Headlines The average 5-year fixed mortgage rate is now 4.89%, up from 4.45% a year ago The average 2-year fixed mortgage rate is now 5.29%, up from 4.75% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.82%, up from 4.42% a year ago The average 60% LTV 5-year fixed mortgage rate is now 4.36%, up from 4.15% a year ago The average monthly mortgage payment on…
Read More 
Understanding Property Valuation: A Simple Guide
Ever asked your self, “How a amazing deal is my house simply simply well worth?” Whether you’re thinking of promoting, thinking of searching for, or just simple curious, identifying a property’s rate can experience like navigating a maze without a map. Yet, do not agonize. This sincere guide will stroll you via the necessities of…
Read More
Aberdeen is cheapest city to be a first-time buyer
New analysis reveals that Aberdeen is the cheapest city to be a first-time buyer with an average asking price of £102,602: The average monthly mortgage payment for a first-time buyer in Aberdeen is £406 per month, assuming the buyer has a 20% deposit, and a mortgage term of 35 years Data from UK Finance shows…
Read More
Breaking Property News – 23/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Agents urged to review AML policies following recent HMRC fines Recent substantial fines issued by HMRC are a harsh reminder to agents to ensure that their Anti-Money Laundering (AML) policies are up to date, and they have control testing in place. This is according…
Read More 
Spring activity boost pushes asking prices close to new record
The average asking price of property coming to the market rises by 1.1% (+£4,207) this month to £372,324, just £570 short of the record in May 2023, while the annual rate of price growth is now +1.7%, the highest level for 12 months: A key factor behind this growth towards a near-record average price is…
Read More