Purplebricks tells investors that it ‘has never been more relevant’

Purplebricks investor Axel Springer has backed hybrid agency Nested as it looks to expand beyond London.

Estate agency heavyweight Chris Beckwith - formerly of Foxtons, Dexters and Currell - has joined Purplebricks as Chief Sales Officer.

"We are confident that our transformed business model will partially mitigate the impact of market conditions on instruction levels," says the hybrid estate agency's management.