Purplebricks has reasserted its dominant grip on the UK online estate agency market, reporting a 20pc surge in half-year revenues despite a slowdown in the wider sector.
The Aim-listed company said it had maintained its 74pc share of the online market in an investor update that came after rival Emoov put itself up for sale after running into financial problems last week.
Michael Bruce, chief executive, said the sluggish market had led to a “shakeout” in the industry, “highlighting weaknesses in both some traditional and online agents business models”.
