PB dont have branches do they so they wont get rates relief that is built into the fee proposition cost of sale of the Tradition B and M agents.
Listing-PB wont be listing as they cant visit houses. The only thing for sure is revenues for all will be down and with PB staff self employed-as they keep saying-how will this close down effect them. I see any decent staff return to salaried positions-world is too risky for them to do anything else. B and M agents are learning to operate 24/7 over this down turn. Dont be surprised to see large central hubs and less satellites but agents feeding into hubs form Home working.-all bad news for Bricks I'm afraid.
Huge downturn in transactions this year guaranteed -let’s see what the next move is as if it’s not super fast and decisive I think it’s definitely game over here -let’s see the leadership now come to the fore?
Be interested as to what revenues show09 Feb 2020 20:25
One of the big downsides is the NH Business. Find out how many land operators CWD have and that will lead you up the right patch. LSH managed well COULD have been a huge money spinner for CWD in terms of NH Instructions but the company failed to create the synergy-and they are flogging it now so too late.
All resilient EA firms have a strong NH business Savills/Connells Group etc
I have to agree with most that the culture of this company is clearly out of sync with basic business ethics. I was thinking after the departure of Bruces and the other chap who ran the EA operations (don't know what happened to him) things may change-how wrong. With a booming market-why is the SP so low
Previous AGENCIES & PEOPLE Purplebricks and other hybrid LPEs face HMRC crack-down, warn lawyers Legal firm Osborne Clarke says HMRC wants to recoup some of the £8.3 billion annual undeclared earnings, some of which is hidden by self-employed staff like hybrid agency LPEs, it is claimed.
New Kid On the Block-2020 is the year09 Jan 2020 13:06
I have been around the property market all my life. Agents are like sheep-if OTM can get real traction Rightmove will lose the contracts as they are simply pricing agents out of business.
With easy social media why pay all that money when in a better market good hosues will sell what ever portal you put it on.
Plus-at some point his year there is the matter of the oustadning Court case with Gasgoine Hollman who i think are part of the Skipton Building Society and the damages as a result which will give OTM welcome additional finds for profiling