Online estate agent Purplebricks on Tuesday said it has boosted UK sales despite the “challenging” housing market here.
The AIM-listed firm said sales here jumped 20% in the six months to October 31, thanks to double-digit growth in selling instruction numbers and higher revenues per sale.
The improved performance comes despite concerns that Brexit jitters could prompt would-be buyers to postpone or scrap purchases.
Chief executive Michael Bruce said his firm, which has challenged High Street estate agents with competitive prices, is “confident about the future for our business”.
Overseas, it said its Canadian division performed strongly during the half year, but Australia was more difficult.
The company is on track to meet its full-year guidance of revenue in the range of between £165 million and £185 million.
Gavin Jago, an analyst at house broker Peel Hunt, said: “In the UK, share gains continue in a challenging second-hand market, while growth in international markets is encouraging.”
Shares in the firm rose 8.78p to 190.08p. It floated at 100p per share in December 2015.
