Share prices of estate agencies and property companies plummeted yesterday as tensions continued to rise following the Russian invasion of Ukraine.
Purplebricks - having already rendered a series of record low share prices in recent weeks - dropped further still and at one point a share in the firm was valued at just 17p.
It’s been well-documented that the agency has lost well over 95 per cent of its value on the AIM part of the London Stock Exchange after a series of senior management departures, a loss of market share and a crisis caused by its failure to abide by mandatory lettings procedures.
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