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Latest property news
UK proptech “isn’t that innovative” says leading consultant
Leading proptech consultant Eddie Holmes (pictured, below) has told The Negotiator he believes the UK’s proptech sector “isn’t really innovative”, despite the mini-industry often touting itself as a world-beating centre of new ideas and pioneering tech, and containing 10% of the worlds’ proptech firms. “There’s no question that it is a hotbed of activity but whether that activity is innovative or not is a different question,” he said. “Our UK resi market isn’t really innovative, nothing truly game changing by and large.” His comments came as he and his colleague James Dearsley from leading industry consultancy Proptech Consult rubbed shoulders at a global gathering of tech firms from the residential and commercial sectors in Paris organised by MIPIM. Finishing yesterday after an exhausting three days of partying and networking events organised by MIPIM, it transpires only a handful of UK proptech and property figures were at the event including Sammy Pahal (pictured main pic, presenting), MD of the UK PropTech Association, Chris Grigg, CEO of British Land and Michael Ewert from JLL, all of whom also spoke at the jamboree. Dearsley and Holmes also spoke at the conference after revealing their research into the European property industry, which revealed that…
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Latest property news
Proptech experts Dearsley and Holmes invest in Hystreet
Hystreet, the start-up online listings service that enables high street agents to ‘go hybrid’, has signed up leading proptech consultants James Dearsley and Eddie Holmes. The pair, who run Proptech Consult Partners, have invested an undisclosed sum in the business and will now advise the company on how to gain traction for its tech, which enables agents to “compete on a level playing field with online agents”. Hystreet says it has already signed up a significant number of agents including Redditch firm AP Morgan, Leicester-based Kings Real Estate, Evans Roach in Pembrokeshire and Isle of Wight agent Lancasters. The company, which says its software is a way for traditional agents to “fight back against online agents and win back the business of tech-savyy home sellers”, launched in April this year led by CEO Awais Ahmad (pictured, below), whose track record includes time at Barstow Eves and a spell in Berlin as a property developer. He says he brought James Dearsley and Eddie Holmes on board because they share the company’s “vision and ethos” and are “passionate about our industry and share our vision for helping high street agents”. “I’m looking forward to working closely with them both to position our…
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Latest property news
New proptech consultancy launches, with familiar names
PropTech specialists, James Dearsley and Eddie Holmes, have launched www.proptechconsult.com to help property companies overcome the challenges brought by digital transformation.
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Latest property news
Six reasons why Rightmove domination of market could soon end
Rightmove domination of the UK property could be about to end as its faces threats from multiple sources, says leading proptech blogger James Dearsley (pictured, below). He and his colleagues at PropTech Consult have looked at Rightmove and say the company has all the characteristics of a successful company that could lose its market-leading position. The consultants’ report says this includes Rightmove being at the end of its original growth strategy; having a large customer database; and delivering excellent returns for investors, including dividends per share that have risen from 22p in 2012 to 51p today. Needs to act Despite this apparently dazzling success, James says Rightmove now needs to act and start a second period of innovation to prevent its dominant position being eroded in the “medium to long term”. The main reasons for this include: The increasing number of new digital opportunities for agents making them less reliant on Rightmove for leads; Rightmove’s failure to develop new products or services beyond its core search facility; The rise of online agents such as Purplebricks who may become as well-known online as Rightmove; Contracting profitability among high street agents restricting Rightmove’s ability to increase revenue; The rising power of Zoopla and its bid…
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