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

first_imgThe 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 happyDuring 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.Robin went on to say that he believes Purplebricks will be in a good position to take even more market share during the crucial Spring market next year.He also says that he believes Purplebricks will make a profit of £30m during the full financial year, results for which are due to be revealed in mid-December, and that profits will increase to £45 million the next year.And, referring to recent criticism of Purplebricks’ handling of reviews about its service on TrustPilot, Robin said that “there made be the odd detractor who has difficulty selling their home for particular reasons – but there are considerably more happy customers than there are unhappy ones”.Robin also commented on Purplebricks’ Australian operation, which he believes will profitable next year only 15 months after it launched. largest estate agent in uk Purplebricks biggest estate agent in uk Robin Savage Zeus Capital October 3, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Purplebricks is now “the largest estate agent in the UK by listings” previous nextAgencies & PeoplePurplebricks is now “the largest estate agent in the UK by listings”Claim is made by Robin Savage, Research Director of Purplebricks’ City broker Zeus Capital in London during online interview.Nigel Lewis3rd October 201706,910 Viewslast_img

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