Two years ago the outlook for online and hybrid estate agents looked very rosy. Over £250 million in private and crowdfunded investment cash was rolling in and Purplebricks looked unassailable as it gained market share in the UK and footholds in both the US, Canada, Germany and Australia.
But now everything has changed. Purplebricks has quit Australia, cut some of its services, seen its market share increases come to a standstill in the UK, and it may yet disappear from the US.
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