Online estate agent Purplebricks on Thursday said it saw resilient trading in the first half, despite a big drop in the number of homes nervous sellers are putting on the market.
The AIM-listed firm called the period “challenging” and said the number of properties coming onto the UK market fell to its lowest in a decade.
Boss Vic Darvey pointed to customers waiting for more political certainty before hoisting for-sale signs over homes.
However, Purplebricks managed to increase sales to £64.8 million from £57.6 million. It was helped by UK average revenue per instruction increasing 12%.
Stripping out the US and Australian businesses, which it is exiting, it made a £1.2 million operating loss, compared with a £4.8 million operating profit a year earlier. That was partly down to investments in the business.
The shares gained 2p to 105.67p.
Darvey said: “We are very pleased with the progress made in the period in light of the market backdrop."
