Trading update from Purplebricks

Purple Bricks Logo

Purplebricks PLC issues a trading update for the 19 week period to 14 September 2016 in advance of its AGM to be held at 10.00am today.

Commenting on the update, Michael Bruce, Chief Executive, said: “We continue to win market share through a combination of our compelling customer proposition, increased brand awareness and the ongoing recruitment of high quality Local Property Experts, which is driving our local service across the country. We are confident that the same model and the quality of the local management team will prove successful in Australia.

 “The way consumers transact residential property is changing and this is being led by the Purplebricks model. Our technology, marketing expertise and strong culture, coupled with our low fixed cost business model makes us best placed to win in this market. We are confident in the future and delivering value for all of our stakeholders.” 

 

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.

You May Also Enjoy

Estate Agent Talk

Property Auctions: What Buyers and Sellers Need to Know Before Taking the Plunge

As more homes are bought and sold via auction, consumers are being urged to fully understand the process so they can gain maximum benefit, according to Stuart Collar-Brown, President of NAVA Propertymark (National Association of Valuers and Auctioneers). Property auctions continue to grow in popularity, offering buyers speed and transparency and providing sellers with greater…
Read More
Estate Agent Talk

5 Welfare Hire Providers to Consider for Your Next Housing Project

At a Glance Welfare facilities are essential on UK housing sites to meet compliance requirements and keep teams safe, comfortable, and productive. Choosing the right hire provider depends on unit type, capacity, sustainability features, site access, and service support. Here are 5 providers to shortlist from. Welfare Hire for Housing Projects On-site welfare facilities are…
Read More
Breaking News

Mortgage market activity forecast to climb

The latest analysis from award-winning mortgage adviser, Alexander Hall, has revealed that mortgage market momentum has been building steadily over the last three years, with average monthly approvals for both house purchases and remortgaging increasing, and further growth forecast across the first half of the year. Alexander Hall analysed historic Bank of England data on…
Read More
Breaking News

Highest number of homes listed for sale for a decade and falling mortgage rates signal good news for first time buyers

40% of homes are now cheaper to buy than rent – up from 25% a year ago February on track to record the highest number of newly listed homes for sale in a decade as confidence returns to the housing market There are currently 6% more homes for sale than a year ago – this…
Read More
Breaking News

Property market momentum set to continue

The latest analysis from award-winning mortgage adviser, Alexander Hall, has revealed that mortgage market momentum has been building steadily over the last three years, with average monthly approvals for both house purchases and remortgaging increasing, and further growth forecast across the first half of the year. Alexander Hall analysed historic Bank of England data on…
Read More
Breaking News

Three major cities buck commuter belt trend

The latest research from Property DriveBuy has found that house price growth across Britain’s major cities continues to lag behind their surrounding commuter belts in most cases, although three major cities are now bucking this wider trend by delivering stronger and more consistent rates of growth, whilst London is the only city to see a…
Read More