Purple Brick looses a crap load of cash

Interested in online estate agency? Read this https://www.mortgagestrategy.co.uk/purplebricks-announces-further-losses-despite-revenue-growth/ Looks like Purple brick could be the next Amazon or could be another tragic on line business that could not pull a profit with cheap fee DIY estate agency. Time will tell. read more

Estate Agents in BIG trouble

This is interesting http://www.mortgagesolutions.co.uk/news/2018/07/02/7000-estate-agents-financially-struggling-study-shows/?utm_source=customsell&utm_medium=email&utm_campaign=msol-house-advert-mai-1530526514 More than 7000 estate agents are in fear of FINANCIAL DISTRESS with two majors issuing low profit warnings to there share holders. Looks like on-line estate agency is taking a much bigger bite of the ever shrinking housing market. Could this be the end of the smooth talking, Gucci suit, Doice & read more

Sterling has fallen back below $1.70 after Bank of England Governor Mark Carney sounded a more dovish tone on base rate rises.

Speaking to the Treasury Select Committee this morning, 12 days after saying the base rate could rise "sooner than markets currently expect", Carney said stronger growth may well be offset by the fact there remains spare capacity in the UK economy. That sent sterling down from $1.702 to $1.697, the pound having risen above $1.70 earlier this month as markets began pricing in a 2014 rate hike following Carney's Mansion House speech. Carney said this morning that recent wage data suggests spare capacity remains a read more