UPDATED 28 JANUARY 2016
Let me start by saying there is no unimpeachable data on UK lettings, or any information on the performance of specific lettings agents (yet).
Online agents, which have been active in the market since 2008, are largely unprofitable businesses.
This is typified by the large amounts of capital being raised to maintain such small businesses…
And there it is, the deafening chorus of traditional estate agents screaming “Yes!”.
For years high street agents have been crying foul that Rightmove allows For-Sale-By-Owner sites to sneak listings next to theirs.