It's interesting to see how the eight major listed estate agents on the LSE have been affected by the EU referendum vote. Only Purplebricks and Savills are priced above what they were on June 23 last year. Most of them including Foxtons are way down.

Investors presumably thinking that Brexit means fewers property transactions - but if so they why hasn't Purplebricks' price suffered too? In fact it much higher than it was boosted by news that it is going to try to crack the massive US real estate market. Graphs here comparing all the listed agents (Main + AIM) since Brexit: Purplebricks, Savills, Hunters, Countrywide, Martinco, LSL, Foxtons and M Winkworth.

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