BREAKING PROPERTY NEWS – 25/04/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   What’s next for Purplebricks? Purplebricks has a new CEO Helena Marston, following the rapid departure of Vic Darvey. But what strategy will she use to get that 21.5p AIM share price ticking upward? Parking up the likely class action that is about to engulf…

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WEEKLY NEWS ROUNDUP – 17/12/2021

A roundup of the week’s top property and proptech news stories in partnership with Proptech-X   Gove the great leveller is not levelling up the lettings sector Is Purplebricks on the edge of collapse as share price drops 20% in a day? Estate agents working from home: is it Plan B or a future trend? Over…

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BREAKING PROPERTY NEWS – 13/12/2021

Daily bite-sized proptech and property news in partnership with Proptech-X.   Purplebricks may have yet another multi-million pound problem on its hands The beleaguered Purplebricks, whose share price on the AIM has fallen like a stone in recent times, now has a new potential problem. It has been alleged that it has failed to follow…

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BREAKING NEWS – top 5 stories 05/07/2021

Daily bite-sized proptech and real estate news in partnership with Proptech-X. Today, Stanton looks at Purplebricks, AskHomey, John Lewis, and more.   Purplebricks has its day of reckoning Dharmesh Mistry sees into the future, says all the dots will join up John Lewis follows Lloyds Bank into lettings NRLA: The laws underpinning the PRS are…

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Purplebricks confirms that the acquisition of Duproprio/ComFree completed on 6 July.

Purplebricks Group plc confirms today that the acquisition of Duproprio/ComFree completed on 6 July. Commenting on the acquisition, Michael Bruce, Global CEO of Purplebricks, said: “Following the successful strategic investment of £125m in Purplebricks by Axel Springer we are pleased to have made this acquisition of what is the leading digital real estate business in…

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Complaints against Purplebricks upheld by ASA

Purplebricks has been ordered to change what is seen as misleading advertising on their website after a set of complaints against it were upheld by the Advertising Standards Authority (ASA). The ASA action required that the advertisement must not appear again in the form complained of. The ASA stated: We told Purplebricks Group plc to…

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We interview Kevin, an Ex Purplebricks Agent and Client!

I noticed some of Kevin Ray’s videos on Youtube from property video tours under the PurpleBrick branding to leaving feedback on how their services worked for him during his house sale – I thought I would get some answers from someone who has seen both sides of Purplebricks, ie the selling as an agent to…

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ASA upheld CIELA’s complaint against Purplebricks

In October of last year, the ASA upheld CIELA’s complaint against Purplebricks, finding that its “com-misery” advertisements breach the UK Code of Broadcast Advertising (BCAP) Code Rules 3.1, 3.2 and 3.33. It demanded that Purplebricks amend its advertisements to “ensure that when making a comparison to other fee models in their ads, they made it…

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Lee Wainwright appointed CEO of Purplebricks’ UK operations

Purplebricks Group plc the hybrid estate agent, has announced today that Lee Wainwright has been appointed Chief Executive Officer of the Purplebricks’ UK operations with immediate effect. Commenting on the announcement, Michael Bruce, Group Chief Executive, said:  “We are very fortunate to have someone of Lee’s experience and track record in the industry heading up…

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UK business continues its rapid top line growth says Purplebricks CEO Michael Bruce

Purplebricks Group plc today released their interim results for the 6 months ended 31 October 2017. Group revenue up 150% to £46.8m. Impressive UK performance, raising average revenue per transaction 14%. Commenting on the results, Michael Bruce, Group CEO, said: “We have had a great first half, with strong trading, significant strategic progress and substantial…

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