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Agencies & People

Will agents back SW agent’s one-man stand against Purplebricks?

Chris Wood opens funding campaign to finance his ongoing battle with Purplebricks over its business model.

Nigel Lewis

purplebricks

SW estate agent and long-time anti-Purplebricks campaigner Chris Wood has launched a fund-raising drive to help finance his activities.

His agency PDQ Estates has offices in Helston in Cornwall (pictured, above) but in his spare time is a keen critic of the company and is now asking fellow agents and members of the public to donate up to £25 each to finance his “investigations into questionable or misleading claims” by the hybrid agency.

Chris, who recently attempted to be selected to run for election as Vice President of the National Association of Estate Agents, has also launched a campaign to persuade vendors who are using the hybrid agency to consider cancelling their contracts with Purplebricks and requesting a refund.

This, as Chris has been attempting to argue for several years now, is because he believes vendors can claim under the Consumer Protection Act that the hybrid agency’s service may have been misrepresented to them.

This latest push by the Cornish agent in his one-man stand against Purplebricks criticises multiple parts of the hybrid agency’s business activities including its claimed sales rate, TrustPilot reviews and the training of its Local Property Experts, all criticisms that Purplebricks has strongly rebuffed in the past.

Share price

His on-going efforts have had little effect on City investors. Its share price, after reaching an all-time low of £2.80p in March, has begun rising again recently, rising by a third since March to £3.69p, helped by the hybrid agent’s £125 million deal with German Media giant and property portal owner Axel Springer.

It has bought approximately 27 million Purplebricks shares, giving it an 11.5% stake in the company, a deal which has helped make several senior directors at the company millionaires.

May 9, 2018

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