A group of leading property industry tech firms have united to offer agents a unique new – and free – property market insights service which, it is claimed, will be the first to spot when the sales market is beginning to revive.
Blockchain based sales progression platform Coadjute says the service, which has been created in partnership with the UK’s leading property software and conveyancing service providers, watches housing market activity in almost real time.
This includes spotting how the sales progression and conveyancing workload is fluctuating within thousands of law firms and estate agents up and down the UK.
The partner firms involved include property software firms Reapit, DezRez and MRI Software plus conveyancing services such as Search Acumen and Redbrick Solutions.
All the companies involved also hope that the service’s new property market insights will help estate agents aligns their operations better as activity returns to the market.
“We are not aware that this level of data has ever been available in the UK property market before in this way, and we want to thank all those who have helped us compile it,” says John Reynolds, CEO of Coadjute (left).
“While data is only half the picture, our aim has been to apply our knowledge of the industry to analyse the data and bring genuine aggregated insights into what is going on to the data providers.
“With Estate Agents’ offices set to be in the first category of High Street premises to reopen when lockdown finally ends, it’ll be key that property businesses are able to make really well-informed decisions.”