BREAKING PROPERTY NEWS – 22/08/2022
Daily bite-sized proptech and property news in partnership with Proptech-X.
House Buyer Bureau: The best and worst performing UK property markets of the last five years
According to House Buyer Bureau’s findings, the South East is the region with the best overall performance, with an annual average of 143,886 homes sold per year. This is closely followed by the North West with 110,437 sales per year, and then Scotland with 101,885.
The research also points to Birmingham being a hotspot for UK home sellers – 12,179 properties on average are sold in Birmingham each year.
Other areas with a strong showing are Leeds (11,726), Glasgow (11,579) and Edinburgh (11,369) all making the top five.
House Buyer Bureaus research indicates that the worst place to sell your home is the City of London, with a measly average of 201 homes per year sold across the City in the last five years. This will come as no surprise to many in the property professions.
Chris Hodgkinson, Managing Director of House Buyer Bureau, commented: “The pandemic property market boom has pushed house prices and transaction levels to record highs over the last two years, but a period of unprecedented boom doesn’t necessarily reveal where the best performing pockets of the housing market are.
“When also taking into account a prolonged period where the market underperformed due to political uncertainty caused by Brexit, we can see which towns and cities have put in the strongest and most consistent performance over a longer period of time.
“That isn’t to say that those areas to have seen the lowest level of sales volumes aren’t desirable, but it highlights the diversity of the market and how one area won’t necessarily enjoy the same boom period as another.
“This is an incredibly important consideration when looking to sell your home as these granular levels of market activity and the prices achieved locally are the factors that will impact your chances of selling, not the benchmark set by the UK average.”
US NEWS: Doma Named a Real Estate Technology Industry Leader for Second Consecutive Year
SAN FRANCISCO–(BUSINESS WIRE)–August 18, 2022–Doma Holdings, Inc. (NYSE: DOMA), a leading force for disruptive change in the real estate industry, announced today it was named the Overall Real Estate Closing Solution of the Year by PropTech Breakthrough’s 2022 Awards program. The second annual program recognizes leaders and innovators in the real estate technology industry and received over 1,500 nominations from across the globe this year.
The PropTech Breakthrough Awards recognize the top technology companies, solutions and products in the real estate technology industry today. PropTech Breakthrough is part of the Tech Breakthrough organization, a leading market intelligence and recognition platform for today’s most competitive categories of technology.
“It’s an honor for Doma to be recognized for our mission to deliver an accelerated and frictionless home closing experience for buyers and sellers for a second year in a row,” said Max Simkoff, CEO of Doma. “We’re proud to be included among this group of top innovators in the real estate technology industry.”
Doma is creating a better experience for everyone across the residential real estate transaction, including current and prospective homeowners, mortgage lenders, title agents, and real estate professionals. The Doma Intelligence platform, which powers its proprietary machine learning technology solutions, is trained on 30 years of historical closing transaction data. It uses this data to power algorithms that eliminate the rote tasks of a traditional, manual closing process. Instead, Doma can deliver a complete clear-to-close title commitment within minutes, an accurate closing package in under a minute, and a digital platform that empowers all participants to drive and track their closing seamlessly and digitally.
“While real estate is the largest asset class in the world, most vertical business categories surrounding the industry are still in the early stages of tech adoption – and PropTech promises to address this need and digitally transform the end-to-end property and real estate market,” said Bryan Vaughn, Managing Director of PropTech Breakthrough Awards. “Throughout the real estate value chain, our 2022 PropTech Breakthrough Award winners are delivering ‘breakthrough’ solutions for real estate investors, designers, real estate development companies, construction companies, users and property managers. We are thrilled with our 2022 winners circle and extend our sincere congratulations to all PropTech Breakthrough Award winners.”
All award nominations were fully analyzed, evaluated and scored by an independent, expert panel of judges, representing a mix of technical, business, academic and marketing expertise within the industry. The evaluation criteria for the PropTech Breakthrough Awards program were focused around the concept of innovation and nominees were also judged on performance, functionality, value and impact.
About Doma
Doma is a real estate technology company that is disrupting a century-old industry by building an instant and frictionless home closing experience for buyers and sellers. Doma uses proprietary machine intelligence technology and deep human expertise to create a vastly more simple and affordable experience for everyone involved in a residential real estate transaction, including current and prospective homeowners, mortgage lenders, title agents, and real estate professionals. With Doma, what used to take days can now be done in minutes, replacing an arcane and cumbersome process with a digital experience designed for today’s world. To learn more visit doma.com.
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