Thanks for your response. I cant really say I understand letting...

Thanks for your response. I cant really say I understand letting rights completely however my very rough appraisal is that at the moment they are paying a lot for those letting rights. So much so they are not cash positive despite growing revenue so much and despite doing very well, all things considered, during the pandemic. Assuming they are depreciating those rights properly according to accounting standards that in itself does not really tell us if the rights are worth what they are paying for. If they grow too quick and cant manage the holiday properties,property owners can simply move to another provider. The same with moving normal rental properties from one agent to another because you are unhappy with the service.