Purplebricks needs to conquer the UK before becoming a world leader | Nils Pratley

Departure of online estate agent’s chief executive seems to signal reality biting after share price fall

A year ago, Purplebricks’ boast about being a “world-leading” competitor to traditional estate agents sounded cheeky, but not hopelessly so. The would-be UK disrupter had launched in Australia, Canada and the US. In doing so, it caught the eye of Axel Springer. The German publishing company snapped up an 11.5% stake for £125m in March last year, apparently confirming Purplebricks’ status as a rare beast – a UK technology startup worth more than £1bn.

Partnership with Axel Springer “will propel Purplebricks further towards our strategic goals and global ambition”, declared its co-founder and chief executive, Michael Bruce, unwisely. He has now been pushed out of the company, the victim of a boardroom coup carried out by the chairman, Paul Pindar, with the blessing of major shareholders. For good measure, the Australian operation will be shut and the one in the US will be shrunk.

Continue reading...

from Property | The Guardian http://bit.ly/2JozPkQ
via IFTTT

What the new five-week deposit cap means for renters

The Tenant Fees Act comes into force in June.

from Property blog http://bit.ly/2V9mLCa
via IFTTT

Instagram highlights: Our best property shares

Take a closer look at the listings we share on our @rightmoveuk Instagram account.

from Property blog http://bit.ly/3048AC0
via IFTTT

Purplebricks boss exits as online estate agent scales back expansion

Michael Bruce steps down as chief executive after firm admits it grew in US too quickly

Purplebricks has ousted its chief executive and said it would pull out of Australia and scale back its US business after the online estate agency admitted it had expanded too quickly.

It is understood Michael Bruce, who founded the company in 2012 with his brother Kenny, stepped down after the chair, Paul Pinder, decided to take action following what he described on Tuesday as a “disappointing” 12 months.

Continue reading...

from Property | The Guardian http://bit.ly/2V9EPvP
via IFTTT

Where’s the fire?

Do you have a real fire?  At this time of year, you may not want to spend the time or effort lighting it for viewings. Not to mention the mess….. Try this instead:  clean out the grate, then fill it with chunky church candles. Light them for viewings, and hey presto: instant lifestyle, warmth and atmosphere.  No mess.

Simples.

If you’d like my help to sell your home more effectively, please answer a few short questions here and if I think I can help you, I’ll be in touch.

What to read next: 7 Reasons You Need Professional Photography to Sell Your House

What to do next: Sign up to my Selling Secrets http://www.home-truths.co.uk/selling-secrets

The post Where’s the fire? appeared first on Home Truths.

from Home Truths http://bit.ly/2DVXzJD
via IFTTT

Where’s the fire?

Do you have a real fire?  At this time of year, you may not want to spend the time or effort lighting it for viewings. Not to mention the mess….. Try this instead:  clean out the grate, then fill it with chunky church candles. Light them for viewings, and hey presto: instant lifestyle, warmth and atmosphere.  No mess.

Simples.

If you’d like my help to sell your home more effectively, please answer a few short questions here and if I think I can help you, I’ll be in touch.

What to read next: 7 Reasons You Need Professional Photography to Sell Your House

What to do next: Sign up to my Selling Secrets http://www.home-truths.co.uk/selling-secrets

The post Where’s the fire? appeared first on Home Truths.

from Home Truths http://bit.ly/2DVXzJD
via IFTTT

Where’s the fire?

Do you have a real fire?  At this time of year, you may not want to spend the time or effort lighting it for viewings. Not to mention the mess….. Try this instead:  clean out the grate, then fill it with chunky church candles. Light them for viewings, and hey presto: instant lifestyle, warmth and atmosphere.  No mess.

Simples.

If you’d like my help to sell your home more effectively, please answer a few short questions here and if I think I can help you, I’ll be in touch.

What to read next: 7 Reasons You Need Professional Photography to Sell Your House

What to do next: Sign up to my Selling Secrets http://www.home-truths.co.uk/selling-secrets

The post Where’s the fire? appeared first on Home Truths.

from Home Truths http://bit.ly/2DVXzJD
via IFTTT