Proptech
News focusing on new technological solutions which create efficiencies and cost-savings for estate and letting agents and the wider residential property industry.
-
Payment platform launches
Yorlet has announced the launch of its industry-first digital payments processing platform, as it seeks to digitise the UK’s £85 billion rental market.
Read More » -
Knight Frank joins the world’s largest proptech investment club
Knight Frank has made its most significant commitment so far to proptech with an investment in US tech fund Fifth Wall’s latest European venture. Despite its traditional reputation, Knight Frank has been pumping significant sums into proptech in recent years including investment and partnerships with several residential platforms, including an artificial intelligence start-up that better predicts apartment development yields. But Knight Frank’s investment in Fifth Wall, which is the largest venture capital firm in the world focussed on proptech, takes it to a new level. Proptech start-ups The money raised by Fifth Wall from Knight Frank and other firms will be used to invest in UK and European proptech start-ups in the property buying, selling, renting and building sectors, and the estate agency joins an illustrious club who have invested in the Californian company’s different funds. These include British Land, BNP Parisbas and CBRE, all of which want to get a piece of the proptech action and be able to present themselves to residential and commercial clients as ‘plugged into’ the future of property. Fifth Wall is most famous for its $100m investment in US iBuyer platform OpenDoor, a model which is gaining some ground in the UK with two…
Read More » -
OTM to acquire lettings platform Teclet in multi-million pound deal
The portal bought a 20% share in the firm 15 months ago but has now decided to go the whole hog and own the firm outright.
Read More » -
Wearethemarket launches
A new locally focused property portal, www.wearethemarket. co.uk is now live for people living in Coventry and Warwickshire. The portal aims to grow area by area by having a deep-rooted connection with local agents and their communities. Founded by a group of 28 independent agents, Wearethemarket.co.uk gives buyers and renters access to a first look of around 80 per cent of the independent housing stock available in Coventry and Warwickshire. “As independent agents, we have unrivalled knowledge of our local areas and our clients deserve to see the best properties and the best of the surrounding area all in one place,” said Mike Cleary, co-owner at Sheldon Bosley Knight and one of the founders of the portal. Wearethemarket.co.uk sets out to be a property portal solely for independent agents, to harness their expertise, knowledge and contacts and invite the local community to join in by promoting their own businesses. Michael Hawkins, partner at Peter Clarke, said, “The wearethemarket.co.uk team has taken a simple idea, improved it and made it happen. The idea of listing our properties in one place for the consumer is not new, but we have done it intertwining it with our role in promoting the location, creating…
Read More » -
Connells switches to UK-based secure e-signatures service Yoti
After initially using the tech for sales, Connells is now rolling it out across the whole business after many years spent using US firm DocuSign.
Read More » -
Tech pioneer slams BASPI property data initiative as too ‘old school’
Robert May says he welcomes the initiative but says agents won't want to slog through such a vast PDF, Word or Excel document.
Read More » -
Co-living platform slashes portfolio as tenants stay away from London
Lyvly has revealed that it is now managing a "smaller number of homes" as the capital's PRS continues to be hit by the pandemic.
Read More » -
Radical digital conveyancing initiative launched by Land Registry
Conveyancers are being urged to adopt a new digital identity standard that will speed up home sales and reduce fraud.
Read More » -
Meet the student rental portal beating Rightmove at its own game
StuRents is a specialist student property portal that offers agents, landlords and property managers a level playing field.
Read More » -
DezRez launches proptech conference fronted by celebrity business coach
Eavolution21 is to be held on 23rd March and will be online only but free to attend.
Read More »
