WEEKLY NEWS ROUNDUP – 10/03/2023

A roundup of the week’s top property and proptech news stories in partnership with Proptech-X

 

OpenBrix partners with Inventory Base to streamline property inspections and inventory reports

OpenBrix integrates Inventory Base Workstreams to their next generation tenant onboarding solution openflo, the innovative and interactive onboarding management solution for agents.

February 2023, OpenBrix continues to support letting agents with the onboarding of new tenants, all now automated through their innovative solution, openflo, ensuring the tenant onboarding process is completed in a smooth, efficient and compliant manner.

To help streamline the various processes involved in onboarding tenants OpenBrix are pleased to announce their latest partnership with Inventory Base.

Proptech leaders Inventory Base have fully integrated their Inventory Base Workstreams network into OpenFlow, allowing agents using the platform to book inventory reports and property inspections directly at the click of a button!

THE PROPERTY market continues to hold firm – despite fears voiced by many that 2023 would herald a crash in prices.

In fact, one recent report indicates a large proportion of the anticipated declines in the housing market may already be well behind us.

According to analysis by Strutt & Parker, the last quarter of 2022 bore the brunt and is maintaining its previous house price forecasts of between -5% and 0% growth for the UK and -3% to 3% for prime central London for 2023.

Jonathan Rolande from the National Association of Property Buyers agrees that all the signs point towards continued resilience in the second quarter of 2023.

He said: “The first quarter of 2023 has shown that the property market in the UK is built on strong foundations.”

iamproperty: Auction sales in the south reach record levels

New data released by iamproperty shows a spike in auction activity in the south, with 2022 sales, instructions and viewings overtaking the north for the first time.

Southern sales made up 35 per cent of iamproperty’s 2022 auction sales^. Although agents in the south saw particular success, demand for auction reached record levels across the UK.

In 2022, iamproperty’s Partner Agents sold 7,014 properties via the Modern Method of Auction (MMoA), up 40 per cent from 2021. During a challenging year for the property market, auction was key to agents’ success, by helping them to win instructions and secure sales.

Partner Agents’ earnings from auction sales hit a record-breaking £25m, up 46 per cent from 2021. Over £400,000 in rewards were also paid out. These record earnings were made possible by over £1.25bn Capital Value worth of property sold via MMoA in 2022, a 54 per cent increase on 2021.

 

Andrew Stanton Executive Editor – moving property and proptech forward. PropTech-X

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate.

You May Also Enjoy

Breaking News

London parking spot values revealed

London parking spot prices revealed as average cost hits £760,000 in one borough The latest research from Jefferies London has found that prime homebuyers in Islington paid an average of £760,000 for a parking space over the last 12 months, making it the most expensive London borough in which to secure a private parking spot.…
Read More
Breaking News

ALEP Welcomes the Next Stage of Leasehold Reform

But warns an increasingly complex legal environment impacts on both consumers and professionals In a further stage of leasehold reform, the government has announced a consultation (Strengthening leaseholder protections over charges and services) on service charge and buildings insurance transparency, litigation costs and regulation of managing agents. The consultation period runs until 26 September. The…
Read More
Breaking News

The Sun Continues to Shine on UK Construction

Glenigan’s July Index shows the industry continuing to bask in the glow of better performance Work starting on-site increased 49% during the three months to June, remaining 25% above 2024 levels Residential construction starts rocketed 76% compared to the preceding three months and rose 64% against 2024 figures Despite ending 3% down on a year…
Read More
Cozy Pet Cat Tree Grey
Breaking News

Tenants with pets must pay extra damage deposit

The House of Lords has backed an amendment to the Renters’ Rights Bill to require tenants keeping pets to pay an extra deposit to cover any damage to a rented property. The Renter’s Rights Bill, which is currently going through the House of Lords, will allow tenants to request to have a pet, and landlords…
Read More
Rightmove logo
Breaking News

Enhanced lettings leads from Rightmove to integrate with agent CRM systems

The UK’s largest property platform Rightmove, is rolling out a significant update to its enhanced leads feature for lettings agents, by integrating with agent CRM systems. With Rightmove’s enhanced leads feature, enquiries from prospective tenants come pre-qualified with additional information, helping busy letting agents to find the right tenant for their landlords quicker. This includes…
Read More
small house bird box
Breaking News

Downsizing out of debt

The best way to become debt free in retirement The latest research from over-50s property specialists, Regency Living, reveals that over-50s can release themselves from financial debt, and all of the physical and mental health issues that can bring, by choosing to downsize to a park home. Financial debt is a common yet difficult burden…
Read More