Breaking Property News – 13/05/24
Daily bite-sized proptech and property news in partnership with Proptech-X.
New digital ecosystem Home set to transform how we move and manage our homes
With moving home widely acknowledged as one of life’s most stressful events, pioneering new digital ecosystem Home is set to revolutionise the moving process, for the first time allowing movers to connect in real time to their agent, conveyancer, broker and move services through one digital platform.
Free to use for consumers, Home gives movers visibility and control of every step of their move by connecting all parties involved in a transaction in real-time. With an easy-to-use app, Home consolidates every aspect of the home buying and selling process in one place with clearly defined transaction stages, real time support and guidance, signing and consolidation of all documents, access to property professionals and seamless single source communication.
Beyond the move, Home also supports household budgeting and payments, plus access to the most comprehensive list of home services ever compiled under one platform, from removals, insurance, utilities, council tax, storage, packing supplies, white goods, interior design, smart home technology, home office and more.
Homes key features include:
‘Homehub’ is the central hub where users manage their home. Users are able to see all relevant information about their property in one place.
‘Move Wizard’ enables movers to track and interact with the key stakeholders involved in their property transaction in real-time.
‘Home Store’ is Home’s front-door to a curated range of lifestyle products and services, specifically selected to make life at home easier and more joyful.
‘Home Runner’ – a team of home experts on hand to support the digital experience and organise any services Home users may need, from gardening to dog sitting.
Leading estate agency brand Foxtons is the first agent to start rolling out the game-changing Home as part of its MyFoxtons service offering, with other national, regional agents and conveyancers providing Home to their customers very soon.
Founder and CEO of Home.cc, Matt Spence, (Photograph above) commented: “Moving home is a major life event. Home exists to transform the way we move and manage our homes, creating a cohesive, one-stop-shop, with an intuitive interface and technology that has been embraced by other faster evolving industries like banking and travel. The result is a significantly improved process that reduces hassle, improves communication and transparency, whether for consumers or industry partners.
“We are pleased to be at the leading edge of the digitisation of the property industry and look forward to Home getting into the hands of consumers across the country.”
Home’s connectivity partner Coadjute, is a leading ecosystem of purpose-built solutions for the property market. Home has built a bespoke integration to the Coadjute network, allowing consumers to enjoy an immersive and seamless experience.
Coadjute is a data exchange platform built on blockchain technology that enables estate agents, conveyancers, mortgage brokers and lenders to become interoperable, enabling the approved parties involved in a property transaction to synchronise and share progress updates, secure messages, property information, digital identities and in the future even payments.
Home is founded by Matt Spence who previously led the acquisition and subsequent sale of Countrywide as part of the Catalyst Partners team. He is also founder of the highly successful staycation and luxury retreats brand Natural Retreats US Inc.
Nimbus launches market-first land comporables feature to proptech marketplace
With the new land comparables feature, Nimbus clients can compare numerous metrics, such as sales prices, price per unit, and price per acre. This data – which is notoriously hard for developers to find – means it is now easy to gain an accurate understanding of land value. The feature, accessible from the Nimbus location analysis section, is fed by reliable planning and ownership data sourced directly from councils and HM Land Registry.
Aimed at helping property investors and developers streamline their land acquisition processes, leading property intelligence platform provider Nimbus® has launched a unique-to-market feature for comparing land values.
Paul Davis, co-founder of Nimbus, said, “Residual value calculations are highly sensitive to small changes in gross development values (GDVs) and/or build costs, so the ability to see what other developers have been able to justify for land of a similar type can be incredibly powerful.
“The difficulty is finding these land comparables and the key related information, without which it can be challenging to understand true land values. This is why we designed this unique-to-market feature. As with all Nimbus features, this delivers on our core mission of helping clients to find the best opportunities, assess their viability, and connect with owners quickly – saving significant time on research and due diligence.
“The ability to find comparable land deals quickly and easily within Nimbus will be revolutionary for many developers, as they will no longer have to manually search through multiple sources or make estimations based on incomplete data.”
To help investors and developers achieve accurate GDVs, Nimbus has also released a residential availability layer. This allows clients to see quoted prices for properties on the market, and, when used in conjunction with residential sales comparables, paints a complete value picture. All these features are found in the residential market sector of Nimbus’s location analysis tool – putting the information clients need right at their fingertips.
To date, more than 10,000 clients have grown their property business thanks to Nimbus’s comprehensive property intelligence platform. Clients use it to gain unique property insights using data gathered from more than 1,000 trusted and reliable data sources, such as HM Land Registry, council planning portals and the Ordnance Survey. Nimbus®, a property intelligence platform, is the UK’s leading proptech company. Using data drawn from thousands of reliable sources, Nimbus is the country’s most trusted one-stop-shop for all property professionals, ranging from investors and developers to commercial occupiers and surveyors.
Delivering all the information they need in one easy-to-use platform, Nimbus saves its clients 80% of their time, so they can quickly find opportunities and connect with owners to help them land the best property deals.
Building on decades of property experience, brothers Paul and Simon Davis realised that data was critical to deliver scalable results. Underpinned by a deep-rooted “technology first” approach to problem-solving, in 2015 they introduced the industry-disrupting Nimbus platform. An agile, evolving solution, Nimbus provides a competitive edge, delivering success to thousands of clients every year.
Andrew Stanton Executive Editor – moving property and proptech forward. PropTech-X
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