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REPORT: One in 5 estate agents is at risk of going bust





Estate agent

LONDON — A fifth of UK estate agents are at risk of going bust as they struggle against the shift to online firms, according to a report from accountants Moore Stephens.

Around 5,000 estate agents are showing signs of “financial distress,” the Guardian reported.

Smaller high-street firms are struggling to keep up with both online estate agents and bigger competitors that can offer lower costs to consumers, according to the report.

Mike Finch of Moore Stephens told the Guardian: “Traditional high street estate agents’ profit margins are being squeezed from both sides, from cut-price online competitors, to their larger counterparts on the read more >>>

Source:: BusinessInsider.Com

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