There have been a lot of stories in the trade press recently about the extraordinary prices that are being achieved for estate agency and letting businesses.  One letting business has just sold for twenty-six times its profit!  Another single office letting business sold for over £5 million!  These prices truly are extraordinary but unfortunately there is…

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As I sit down to write this article, Purple Bricks has just been valued at £250 million!  Personally, I would not dream of investing in the business at this level but an awful lot of estate agents are growing increasingly worried that the online agents will destroy them.  So will they?  Personally, I think that…

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