The publisher of the Daily Mail has handed its struggling US property data business Xceligent over to liquidators only two weeks after announcing a strategic review.
At first glance, it could be the courtly maze of an English country manor - albeit with some rather large gaps.
Traditional property companies are under attack from many fronts: transactions in November were 7.3pc lower than a year ago. Political headwinds and greater tax burdens mean the market is slowing; policies, such as the ban on tenants paying letting fees, threaten to eat away at revenues; and now, online agents are eating into the market of traditional players by offering lower prices.
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