Some 1,228 estate agent branches closed last year, adding to Britain’s high street crisis.
Firms are reeling from a triple whammy of a new wave of online agents. Though 780 branches opened, the 3.8% fall was a significant difference to the 2.5% drop in 2017.
Online rivals, such as Purplebricks, have been charging much lower fees than the traditional companies.
Purplebricks (LON:PURP) is the leading next generation estate agency in the UK with operations in Australia, the US and Canada that combines highly experienced and professional Local Property Experts (Local Real Estate Experts in the US) and an innovative use of technology to help make the process of selling, buying or letting so much more convenient, transparent and cost effective. Purplebricks is transforming the way people perceive estate agents and estate agency.