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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New algorithm plugs the Land Registry gap
A revolutionary, deep-learning algorithm has been developed to identify and uncover more than 1.1m extra residential titles missing from HM Land Registry...
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Google buys into UK property management platform AskPorter
Search engine giant Google has made an investment in the artificial intelligence-based property management service via its Google Assistant business.
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Goodlord secures further £7m funding
Goodlord has announced the successful close of a Series B funding round.
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Northern & Shell included in list of those owed money by eMoov
Companies House documents show Northern & Shell is owed £2.5 million by eMoov as part of the two companies' Tepilo merger deal.
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Guaranteed rent investment platform Residently wins extra £2.5 million
Read how a company offering landlords guaranteed rent and tenants flexible lets and no fees all managed through an app has raised an extra £2.5 million.
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95% of property valuations will be completed accurately online by 2023
Read how tech academic Professor Andrew Baum has predicted that 95% of property valuations will be completed accurately online by 2023.
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‘Airbnb’ for longer-term lettings sets up shop in UK with £31m expansion fund
Read how medium and longer-term alternative lettings platform is to open and office in London after receiving an investment of £31 million.
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Leading industry players launch new proptech development partnership
A group of well-known names within the property industry have joined forces to launch a consultancy that promises sales and lettings agents new and potentially unique ways to monetise and retain their client base. Called The Property Innovation Network, its members include Hatched founder and former eMoov and EasyProperty executive Adam Day, former The Property Franchise Group boss Graham Lock, former Goodlord partnerships director Anthony Band and Chris Khoi, founder of developer Black Crest Group. “We’ve launched the business because we can see that there are still many home-owning and rental issues that need solving in the market,” says Band. “For example, given the looming tenant fees ban no one seems to be focussing on how to better serve the tenant.” The group are keeping the exact details of their ideas under wraps, but say several of them will be insurance-backed. One they will talk about is a chat-bot style concierge service for tenants and home-owners who will use it to manage their properties and lifestyles. Proptech launch It is due to be launched on January 8th and will also help agents develop closer relationships with tenants. Based in London, the Property Innovation Network says it will soon be…
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Proptech rental recognition service first to gain FCA approval
Read how the FCA has given approval to proptech company CreditLadder to both initiate payment from banks on tenants' behalves and offer payment dashboards.
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‘Too few proptech ideas have been road tested with agents before being launched’
Estate agents are becoming bored of proptech companies trying to sell them services which haven’t been road tested within branches before they are launched nationally, a leading industry figures has claimed. Ed Mead, CEO of viewings service Viewber (pictured, below) and a former executive director at London agency Douglas & Gordon, says that 85% of the UK industry is a “longtail of pretty technologically unsavvy people” who have still got to get their heads around the wave of proptech being launched into the market. “I saw a lot of them when I was at D&G, but I hadn’t twigged how annoying it can be,” he says, “For the independents who are approaching retirement, it’s too much of a risk to invest heavily in tech, and they leave it to the big chains.” Ed says like him his business partner and former Marsh & Parsons CEO Peter Rollings has also become concerned about too many clever but non-property people touring around the industry talking about great tech but who “haven’t talked to an agent before developing their ideas”. “There’s a lot of stuff out there which would be lovely to have but at £200 a month for them or whatever they…
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