Proptech
News focusing on new technological solutions which create efficiencies and cost-savings for estate and letting agents and the wider residential property industry.
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Pi Labs’ latest proptech startups
Pi Labs, a proptech VC, launched its seventh pre-seed growth programme after searching for the world’s most promising proptech startups.
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Virtual reality tours with Braemore
Braemore Sales & Lettings has launched 360 Virtual Reality Video Tours for all property sale listings, enabling house hunters to view properties on tablets, computers or smartphones.
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Student lettings platform Resooma launches bills splitting service
Formerly called University Cribs, the lettings company is moving into utility bills and fintech with its latest product.
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How do they do it? Online lettings platform offers £35-a-month ‘premium’ service
Rental proptech platform RentalStep has launched a ‘premium’ property management service for landlords priced at just £35 a month including listings on Rightmove and Zoopla. The figure is surprising given that one proptech entrepreneur recently told The Negotiator that it costs approximately £30 per rental listing on Rightmove. Therefore, ‘nearly-free’ services like OpenRent and RentalStep are making almost no profit from charging landlords to use their service, and are betting on up-selling additional services such as gas safety checks, rental collection and property management. RentalStep’s new ‘premium’ service is in addition to the company’s existing but more basic package, which offers free referencing and tenancy contracts and a one-off tenant finding fee of £20. Lettings Fees Liverpool-based RentalStep says it offers ‘unlimited’ advertising on the two portals within its new service, and says its premium service is a direct response to the tenant fees ban. “Landlords only have five months until their management fees could start to rise as agents look to offset the costs of the ban,” says Rental Step founder Mike Georgeson (pictured, above). “What’s more, over the next few months some tenants may delay moving as they consider the impact of Brexit while waiting until they no…
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Home Owner’s Passport launches
Teal Legal has just launched a new conveyancing product, The Home Owner’s Passport.
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Airbnb hosting firm attacks letting agents in London tube ads
Hostmaker.com suggests landlords should switch from longer-term lettings to short and medium-term rentals via its service.
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Latvian property photos firm wins £1m backing to make agency snappers obsolete
Giraffe360 already has 'significant' number of estate agency customers including Hunters in UK and is moving its HQ to London.
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AI-powered property website launches
One & Only Pro, a property investment company which aims to help investors find the deal of a lifetime, has launched its online offering.
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Jackson-Stops enhances digital strategy
Jackson-Stops, with 46 offices nationwide, has made significant changes to its website to enhance the user experience and enable clients that want to access a range of digital services and information via the new website.
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‘Dating app’ for house sharing tenants wins extra £24 million funding
A Spanish smartphone app that enables tenants to meet up online and rent properties together via a ‘Tinder’ style matching platform has raised a further £24 million to develop and expand its service in the UK and beyond. Based in Barcelona, the extra cash has come from the same US investors behind challenger bank Monzo and Facebook. Called Badi, the app claims to streamline the process of finding roomies to share homes with by enabling them to complete a ‘matchmaking’ process via the app and apply for properties to rent. During the initial part of the process, tenants reveal information about their lifestyles and ideal property and roommates. They are then matched via a Tinder-style app, after which connected tenants can chat together before house hunting. In the UK Badi says it want to take market share from both more established rivals such as SpareRoom.com as well letting agents and Rightmove. The new cash brings Badi’s total raised so far to over £35 million. 40,000 tenants Launched in April last year, the app says it already has 40,000 users in London and currently offers over 100 properties. It has also set up in several other European cities including Rome, Madrid…
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