Market Statistics Traditional.
With the high street now suffering from lower footfall the traditional high street estate agents are facing unprecedented set of challenges that has resulted in 302 high street agents to close between April 2018 and June 2018. These challenges have been largely due to the low footfall that the high streets are now experiencing and the rise of online agents.
Source: Daily Mail – Dated 11th August 2018 https://www.dailymail.co.uk/money/markets/article-6071159/Estate-agents- add-High-Street-malaise-stagnating-housing-market-pushes-firms-brink.html
One in five high-street estate agents risk going bust, study claims
Up to 5,000 traditional agents are struggling to survive amid growing threat from low-cost, fixed-fee online firms and larger rivals, say accountants
Source: The Guardian – Dated 31st July 2017