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Purplebricks plc

Online estate agents thriving in difficult UK housing market

For the last two years the UK property market has been on a steady downward spiral.

Due to ongoing Brexit issues, increased stamp duty and changes to the taxing of buy-to-let properties, the once lucrative market has been left in limbo. As a result, demand and supply have slowed, especially in city centres like London and markets have lost momentum.

However, it is not all bad news as two areas of growth have been regional markets and online estate agents. As traditional estate agencies have reduced in size, the online sector has demonstrated strong consumer engagement, continuing to increase market share, despite the political limbo and fiscal tightening. Homeowners looking to sell during this challenging period are seeking the most efficient and cost-effective mechanism for doing so.

 

Purplebricks (LON:PURP) is the leading next generation estate agency in the UK with operations in Australia, the US and Canada that combines highly experienced and professional Local Property Experts (Local Real Estate Experts in the US) and an innovative use of technology to help make the process of selling, buying or letting so much more convenient, transparent and cost effective. Purplebricks is transforming the way people perceive estate agents and estate agency.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.