Purplebricks and Yopa have benefitted the most from the demise of Emoov and Tepilo, reveled by a report into the online and hybrid estate agency market.
Analysis of the sector’s growth by housing market advice service PropertyRoad.co.uk has revealed that Purplebricks increased its slice of the cake from 53 percent to nearly 60 percent while Yopa increased its from 9.6 percent to 15 percent, helped in part by the two competitors disappearing.
The research found that Purplebricks picked up the most market share during the year, unsurprising given its dominance of the field and its recent offer to take on former customers of eMoov and Tepilo for free. Its other nearest rival, Express Estate Agency, now has 12.4 percent of the online market, up by just 1 percent.
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.