WORLDVIEW: Top money manager tips this disruptive potential Amazon of real estate
The earlier the better when it comes to discovering companies that apply technology to disrupt their industries. And thanks to my colleague Jackie Cameron, we should all be having a closer look at this potential Amazon of the home real estate industry, a London listed company called Purplebricks.
Jackie applied a tested approach financial journalists: where you are personally impressed with your experience, check to see if the smart money has spotted its potential. When the two come together – Bingo. Because among UK money managers, few are more highly rated than Neil Woodford, and he's a big Purplebricks fan.
Jackie writes: "With commissions of up to 7%, South African estate agents are regarded by many as notoriously overpaid. In the UK, estate agent commissions are much lower – ranging from around 1.5% to 4%.
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