BREAKING PROPERTY NEWS – 18/11/2021

Estate Agent Networking Breaking News

Daily bite-sized proptech and property news in partnership with Proptech-X.

 

Propertymark backs REACH UK 2022 scale-up program

Nathan Emerson, CEO of Propertymark announced that the leading membership body for property agents will reprise its backing of REACH UK for the 2022 scale-up program.

Emerson commented: “Propertymark is therefore proud to back REACH UK’s 2022 scale-up program with its mission being to help the property industry navigate through the world of technology by selecting the best scale-ups and launching them into the marketplace.

The programme offers successful start-up groups: Mentorship from real estate, mortgage, venture capital and technology sector leaders. Education on how to navigate the trillion-dollar global property industry from top experts. Exclusive opportunities at the most impactful conferences, trade shows and networking events. Unique access to top media and academic organizations, such as Oxford’s Future of Real Estate Initiative, Savills Impacts and Tech London Advocates.

A global network of highly talented, like-minded entrepreneurs, including more than 150 REACH portfolio companies and curated program sponsors.

Companies that have previously participated in the REACH program have collectively raised more than $350 million of follow-on financing and have secured key partnerships with DocuSign, Google, Facebook, Keller Williams, and Berkshire Hathaway HomeServices.

With the world of an agent constantly evolving, we’re excited to see what the next group of innovative companies bring to the table in order to align the latest technology with the needs of agents, buyers, and renters.”

In my opinion, proptech is currently in the foothills. With new technologies scaling up, everything that touches the asset class of property is going to be digitally redefined and powered by great minds solving big problems.

Being lucky enough to be heavily involved with the REACH UK program, and knowing a number of the teams and founders personally, the expertise, knowledge and drive of these pioneers will be equipping the property practitioners of the 2020s, 2030s and onwards with the tools to do things better and more efficient.

Property technology is not here to replace people in real estate, it is here to further their reach and conquer new marketplaces. Many do not realise that residential agency is only a tiny part of real estate story, and the plan, build, and management of property is the big area that innovation is addressing. More so with COP26 and the need to lessen the 10% to 15% of emissions created by actually building property.

It will be interesting to see which companies make the cut for the 2022 cohort and the solutions they will be scaling up.

 

Inventory Hive becomes two-time EA Masters award-winner

Inventory Hive scooped two huge accolades at the 2021 EA Masters, bringing home the Best Medium Supplier award and Overall Winner of the Best Estate Agency Supplier award.

The awards were given at a glittering EA Masters Awards Conference event, held at Evolution London and presented by Great British Olympic gold medallists Dame Sarah Storey and Tom Dean.

Richard Abbots, CEO and founder of Inventory Hive, commented: “The EA Masters is unique, as the awards are based upon the quality of service that you provide to the customer, who rates you. You can’t ‘buy’ or ‘game’ the system. So people in the property industry know that if you are a big winner, then you must be the very best.”

Peter Knight, Founder of the Property Academy, said: “The EA Masters event had an amazing turnout, and the event went fantastically well. It was great to see Inventory Hive scoop two EA Masters awards, including Best Overall Supplier! Congratulations to Richard and Inventory Hive team! an achievement to be proud of. We can’t wait for the next event already.”

On winning the two awards, Abbots said: “We’re so thrilled to win this award. It’s been a monumental team effort since we started this journey five years ago. The roadmap is so exciting and it’s a joy working with such a talented group of people – our team and our customers. The competition in the room at EA Masters was immense, which makes this even more humbling.”

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate. Want to contact me directly regarding one of my articles or maybe you'd like a chat about future articles? Email me via editor@stagingsite.estateagentnetworking.co.uk

You May Also Enjoy

Breaking News

Freehold and Leasehold Reform Act-lessees can control their own destiny

Matthew Pennycock, Minister of State for Housing and Planning, has made a Parliamentary Statement regarding the future progress of the Freehold and Leasehold Reform Act 2024. The Government have formally recognised the “significant complexity of the task” and that the legislation was rushed in at the end of the last parliament and as a result…
Read More
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker 22/11/24

The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was…
Read More
Estate Agent Talk

The Architecture Of Attention Behind Social Media Addiction

In the digital age, social media platforms have revolutionized how we connect, share, and consume information. Behind their sleek interfaces lies a sophisticated architecture of persuasive technology.  These platforms employ intricate design patterns and technical elements to capture and hold user attention. From subtle visual cues to complex algorithmic systems, every feature serves a calculated…
Read More
Breaking News

2025 Predictions for the Private Rental Sector

Allison Thompson, National Lettings Managing Director, Leaders Romans Group (LRG) “As we approach 2025, the lettings industry is entering a phase marked by stabilisation and opportunity. Rental inflation has slowed to an average of 3-4% for new lets, reflecting the effects of affordability constraints; renters’ budgets are beginning to limit how much rents can rise.…
Read More
Breaking News

Response to Matthew Pennycook’s Statement on Leasehold Reform

Yesterday, Secretary of State Matthew Pennycook made a Ministerial Statement on the future of leasehold reform. Responding, Mark Chick, director of ALEP and a Partner at Bishop & Sewell LLP said: ALEP welcomes the ministerial statement which puts in place a timeframe and some objectives for the implementation of the Leasehold & Freehold Reform Act.…
Read More
Estate Agent Talk

Essential Garage Storage Solutions for Small Spaces

Maximize your garage space with practical storage ideas that keep your items organized and accessible. If you’re dealing with a smaller garage, smart solutions can make a big difference in keeping your space neat and usable. 1.  Wall-Mounted Storage Wall-mounted storage is an excellent way to save space and keep your garage organized, especially in…
Read More