November 7, 2019 / 7:31 AM / 4 months ago

Purplebricks sees flat first-half revenue as UK property market slows

Nov 7 (Reuters) - Purplebricks said on Thursday home sales volumes in the UK have fallen, most notably in the South East, and that it expects overall revenue in the first half to be broadly flat.

As it turned its focus to the UK and Canada businesses after exiting its loss-making businesses in the United States and Australia this year, the online estate agent said it enjoyed profitable trading in the first half.

The company, which has used a low-fee model to win business from bigger, established estate agents, said its Canadian business has performed better than expected. (Reporting by Yadarisa Shabong in Bengaluru, Editing by Sherry Jacob-Phillips)

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