Estate agencies must work together to combat Tesco's entry into the housing market, a leading estate agent has warned.

The supermarket chain launched an online estate agency earlier this month and Neil Patel, chief executive of OneMove, has urged businesses to join forces to stop Tesco taking a significant market share.

“The question on everyone's lips is whether Tesco's entrance into this already hyper-competitive market could kill off the industry for good,” Patel told the Independent.

“There is no magic answer to the situation, but in a collective working environment we can work together to maintain a healthy business.”