Sarah Beeny says Tepilo has seen a 400 per cent increase in turnover and aims to exceed £10m in turnover next year.
Beeny revealed the target in an endorsement of Purplebricks’ floatation, scheduled for the end of next week, and endorsed by the TV property presenter as an indication of how strong the online agency sector has become.
“It wasn't long ago that people dismissed it as a passing fad, but this move shows that consumers are wising up to the fact that they no longer have to pay astronomical estate agency fees when selling their home and that there is an alternative” says Beeny.
She says this is endorsed by the government’s recent call for more innovative thinking in estate agency. “The government talks about wanting to arm consumers with quicker, simpler and cheaper ways to buy and sell homes. It makes specific reference to the fact that new business models, such as online only estate agents, will enhance price competition, and should therefore be encouraged” says Beeny.
She says her agency “consistently sell homes over the asking price and have saved our customers millions of pounds in fees, so it's no wonder that investors, consumers and the Government are starting to sit up and take notice.”