Belfast Telegraph

Purplebricks on track to double revenue

The group is expected to book UK sales of over £36 million in the six months to October.

Online estate agent Purplebricks has said it is on course to more than double half-year revenue in the UK after making strong progress over the last few months.

The group, which recently launched in the US, is expected to book UK sales of over £36 million in the six months to October.

Purplebricks also said that turnover in Australia, where it also operates, will be “many times ahead”.

For the full year, the company is expected to meet revenue guidance of £80 million in the UK and £12 million in Australia.

In a statement issued ahead of its AGM on Friday, the firm added that the US launch has gone “smoothly”.

Boss Michael Bruce said: “Launching into the US market is an important and proud moment in the company’s three-year history.

“The level of hard work, commitment and dedication from the team to achieve this, while continuing to deliver on UK and Australian expansion, is testament to the culture and breadth of talent within our business.”

The company has set up shop in Los Angeles and will extend across California, with other states also on the hit list as it looks to tap the $70 billion (£52 billion) market.

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