Traditional estate agents in the UK are under threat from online rivals, according to this interesting article from Bloomberg. It looks like there will be a period of serious industry consolidation. This sector, like recruitment consultants, still hasn’t fully embraced technology and many of the staff and business processes need a radical makeover. Expect the strongest to survive. Thoughts?
Many of the observations in this article are reasonable but the causes are not all down to economic liberalism. What about greedy unions and a lazy workforce that’s seriously light on skills, compared to other mature economies and rapidly developing economies too?
Surely, we need a SWOT analysis by industry to clarify the way forward, with a matching risk analysis?