Purplebricks is now “the largest estate agent in the UK by listings”

The City advisor and sole broker to Purplebricks, Zeus Capital, has claimed that the hybrid agent is now the largest estate agent in the UK by the number of listings on Rightmove. This is well ahead of recent claims by London investment firm Peel Hunt, which earlier this year said it would take another year to two years for Purplebricks to become the largest agent in the UK by market share. The new claim was made by Zeus Capital’s Research Director Robin Savage during a recorded interview with an investment website. Purplebricks says it has 16,498 properties for sale on Rightmove but won’t say how many properties it has sold since launch. Its largest competitor, Countrywide, said in its most recent trading update that it sold over 50,000 houses last year, but doesn’t reveal how many it has for sale. Not terribly happy During the interview, Robin Savage also claims that criticism of Purplebricks by agents is because the hybrid agent’s growth has come “at the cost of its competitors who are not terribly happy”. He also made several punchy predictions for Purplebricks including that Purplebricks is seven months ahead of Zeus Capital’s growth predictions for Local Property Expert recruitment.…

Read More »