One of the world’s leading PropTech analysts says Purplebricks has turned the UK online/hybrid estate agency business into “a one horse race”.
More than that, Purplebricks has the advantage over online and traditional rivals because of its “investment risk tolerance” – a vast budget and, even more importantly, a willingness to invest tens of millions of pounds year after year in a bid to build market share.
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.