Hybrid agency Purplebricks has launched a recruitment drive for what it calls ‘local property experts’ in 17 parts of the country from Cornwall to Aberdeen.
The locations include relatively low cost areas such as Coventry, Derby and Warrington, and higher end markets such as Newbury, East London and Salisbury.
The promotional material for the jobs includes the description of local experts as individuals who will “support both our vendors and buyers, ensuring delivery on the promise of everything you'd expect from the very best traditional estate agent more efficiently and cost effectively.”
In its last statement, Purplebricks said in October last year that it then had 150 LPEs, a figure it wants to double by spring 2017; this recruitment drive is the first part of that programme.
The agency is backed by star fund manager Neil Woodford and is now riding high on the Alternative Investment Market, regarded as London's junior stock market, after three months of roller-coaster activity.
Its 240m ordinary shares were placed at 100p each based on a market capitalisation of £240.3m on launch day in mid-December; the firm had lost around 25 per cent of that by the end of January but this week its price has hit an all-time high 132p per share.