Howsy acquires Urban.co.uk and strengthens their position as the leading online rental and property management platform

September 13, 2019

Acquisition step changes growth and broadens Howsy’s product offering to landlords 

Howsy acquires Urban.co.uk

Howsy, the online property management platform has today announced that it has acquired Urban.co.uk, one of the UK’s leading online letting agents, for an undisclosed sum.  Howsy’s stated mission is to make renting better for everyone, by bringing innovation and greater customer focus to the lettings industry.  The acquisition of Urban will allow Howsy to grow substantially and offer broader services whilst maintaining a focus on customer service and delivering great value for landlords.

First acquisition move after recent funding

The acquisition of Urban marks Howsy’s first move after their recent announcement of a £5m investment led by Skybound Capital, enabling them to further advance in their shake-up of the UK letting sector.

Urban is a tenant find specialist

Urban concentrates on a quick, self-service online tenant find solution, and has built a reputation for excellent customer loyalty having successfully operated on a national scale for many years.

Combined businesses give landlords more choice

Howsy provides an end to end property management platform for UK landlords, from tenant find through to repairs management and renewals, combining technology and innovative insurance products to offer a low fixed-fee management cost, saving landlords thousands of pounds a year.

The deal combines Urban’s focus upon finding tenants with Howsy’s expertise in the use of smart technology to create a seamless property management experience at a significantly lower cost to let for UK landlords.

The combination of the businesses will make Howsy the leading online property management platform in the UK.

Founder and CEO of Howsy, Calum Brannan, commented:

“With so much focus in the property industry on the buying & selling market, the rental space is often overlooked. Howsy benefits from stable recurring revenue, mixed with cutting edge technology so we can reduce the costs to operate by up to 70% compared to high street agents.

Both businesses bring a different set of skills on which they’ve both built a great degree of success but by combining these, we are able to create a lettings powerhouse that will provide a complete and unrivaled offering to UK landlords.”

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

Halifax House Price Index for August

UK house prices edge up to hit two-year high   House prices in August 2024 were 4.3% higher than the same month a year earlier. House prices increased by +0.3% in August, after +0.9% rise in July Year-on-year prices are up +4.3%, the strongest rate since November 2022 Higher annual growth largely reflects the base…
Read More →
Breaking News

Nationwide House Price Index for August

Annual house price growth edged higher in August   UK house prices fell 0.2% month on month in August Annual growth rate picked up to 2.4%, from 2.1% in July Fastest pace of annual growth since December 2022 Energy efficiency becoming more important in influencing what buyers will pay for a home   Headlines Aug-24…
Read More →
Breaking News

Rightmove Points to Worsening Crisis in Private Rented Sector

Responding to data published today by Rightmove suggesting that the number of former rental properties up for sale is now at its highest level on record, Chris Norris, Policy Director for the National Residential Landlords Association, said: “Today’s data will be a serious concern for all those renters struggling to find somewhere to call home. …
Read More →
Rightmove logo
Breaking News

Record levels of former rental homes for sale

The proportion of former rental properties moving into the sales market is at its highest on record, indicating more landlords are selling up, some potentially driven by the mooted increase in Capital Gains Tax in the Autumn Statement on 30th October: 18% of properties now for sale were previously on the rental market, compared with…
Read More →
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker 4th September 2024

The lowest available 5-year fixed rate mortgage is now 3.77% (for 60% LTV), which is the lowest a five-year fixed rate has been since before the mini-Budget in September 2022. Other key points this week include the average 5-year fixed mortgage being a full 1.0% lower than last year, and the average 60% 5-year rate…
Read More →
Breaking News

Breaking Property News 04/09/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Property Technology in the UK: Trends, Growth, and Challenges Proptech, (Property Technology), having exploded in the UK in 2017 with 60% of new startups in the sector clambering to be the next big thing – is seven years on now maturing. All the hype…
Read More →