hybrid agent
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Latest property news
99home launches zero-fee agency franchise gLocalAgent
£0 investment offer sees agency set its sights on the global market after launching a European model in May and hopes for 100 registered agents by December 2023.
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Latest property news
Emoov raises £1.15 million in one day from friends, family and former customers
Hybird agency Emoov, fresh from buying Tepilo and Urban, has launched a 30-day crowdfunding campaign that rasied £1.152m in its first day.
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Latest property news
FIRST PIC: US hybrid estate agent opens another office in UK
A hybrid estate agent from the US called Keller Williams has opened a fourth branch in the UK, pushing its 'staff' count to nearly 100.
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Latest property news
Countrywide shares drop by a third in a single day following profit warning
Countrywide shares lost a third of their value in a single day following a largely gloomy update from the company.
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Purplebricks revenues in UK more than double
Purplebricks has revealed its interim results for the past six months ending October 31st which include UK revenue up by 118% to £39.9 million and a doubling of its Local Property Expert team to 650. Its overseas operations in Australia and the US are doing well too including revenue of £6.8 million in Oz and “solid progress” in the US where it now has 40 ‘local real estate experts’. But it’s most successful market remains the UK where Purplebricks has increased average revenue per instruction by 14% to £1,138. The UK operation also now claims to have 74% of the hybrid online agency market, with the next largest behind it, Emoov, a minnow by comparison. Online reviews One item sticks out in the results – Purplebricks’ reliance on its controversial listing with Trustpilot, on which it highlights a ‘five-star’ rating in all three markets. No mention is made of its recently-reinstated listings on allAgents. Purplebricks says that once the results are finalised it expects to report revenues of £84 million and £12 million in Australia. “We continue to win UK market share from traditional operators in what is a challenging market and consolidate our leading position with competing digital and…
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