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

Estate Agent Talk

Landlord Safety Certificate Cost Breakdown for London Property Owners

London Safety Certificate is your trusted provider in London, offering fully accredited and dependable services to help landlords meet their legal obligations with confidence. As a landlord, you’re responsible for guaranteeing that your property meets UK legal safety standards, which means obtaining various safety certificates. The costs for these certificates can vary; for instance, a…
Read More
Breaking News

Nationwide House Price Index – Thoughts from the Industry

The latest Nationwide House Price Index for July 2025 shows that: House prices increased by 0.6% between June and July of this year. On an annual basis, the average house price increased by 2.4% up from a 2.1% annual rate of growth in June. As a result, the average UK house price now sits at…
Read More
Breaking News

Nationwide House Index – July 2025

Annual house price growth edges higher in July Annual rate of house price growth increased modestly in July to 2.4%, from 2.1% in June House prices were up 0.6% month on month UK house price to earnings ratio at lowest level in over a decade at c.5.75 Headlines Jul-25 Jun-25 Monthly Index* 540.5 537.4 Monthly…
Read More
Breaking News

Late payment reforms offer hope for SMEs

The Government has unveiled its Small Business Plan aimed to support SMEs and unlock growth. This plan outlines their intention to tackle late payments, an issue which costs the UK economy £11bn a year and forces 38 businesses to shut down every day. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said:…
Read More
Breaking News

Late payment reform is welcome, says FMB

Measures announced as part of the Government’s ‘Small Business Plan’, to tackle late payments and tool theft, futureproof skills, and improve access to finance, are welcome steps to create a more level playing field for small building companies, say the Federation of Master Builders (FMB). Brian Berry, Chief Executive of the FMB commented: “Late payments…
Read More
Social Housing 2019
Breaking News

Build to Rent sees global surge

Build to Rent Goes Global: New Data Reveals Surge in UK, US, Australia and New Zealand New global data from Inventory Base reveals that Build to Rent (BTR) is no longer a UK phenomenon. n, it’s a rapidly expanding housing model gaining serious traction across New Zealand, Australia, and the United States. Nowhere is this…
Read More