PropTech News: 20-26th February
Here’s a round-up of the latest property and proptech news.
REalyse raises £500k ahead of nationwide proptech launch
Property data company REalyse who help “UK residential property professionals stay ahead of the market” have just secured £500,000 in funding following a successful round of funding.
Read the full article on PropertyWeek.
‘Proptech’ is the future Says OBI Property Entrepreneur
Will Lewis, a founding director of OBI Property in Manchester has outlined his desire to use technology to improve the property industry, saying “I think if any tech expert still came into our business, they’d be shocked about how backward we are”.
He went on to say “the property world is very archaic, in terms of the tech world, this proptech market, it’s got so much growth and I’m really racking my brains to try and get into that space.”.
Read the full article on BusinessCloud.
Think Tank Future of London Claims London commercial property market is letting down its small businesses
The Workspace That Works report claims that SMEs are being affected by the increase in office space being converted to residential dwellings, high rents and general lack of suitable development sites. It cites shared (co-working) spaces as solutions to the issue.
Read the full article on Workplace Insight.
The Property Week ‘Property Awards 2017’ shortlist has been announced
There are eight companies on the shortlist and they are CompStak, Hubble, LendInvest, Matterport, VTS, WiredScore, Yardi and YOPA.
However, James Dearsley, founder of the Digital Marketing Bureau is surprised by the lack of support for the residential sector.
Read the full article on EstateAgentToday.
Commercial landlords may have to police illicit tobacco sales under HMRC proposals
An HMRC proposal looks to force commercial property landlords to actively inspect their properties and police tenants suspected of tobacco and other excise duty evasion.
Stuart Walsh, a tax disputes expert from Pinsent Masons said the plans were “another example of HMRC pushing the burden of policing tax compliance onto businesses themselves”.
Read the full article on Out-Law.com.
LiquidSpace Report: Flexible Office Space Demand is Growing
A LiquidSpace report has found that companies want shorter rental and lease terms and are demanding more flexibility in terms of location, size and amenities.
The same report found that many companies see office space as a branding opportunity to attract talent rather than a commodity.
Read the full article on Real Estate Tech News.
Thailand’s first venture capital firm for property technology (PropTech) formed
Sansiri PLC and Siam Commercial Bank (SCB) is forming Thailand’s first venture capital firm aimed at investing in proptech startups, called Siri Venture.
Read the full article on the Bangkok Post.
Is 2017 the year PropTech will change real estate forever?
Whilst technology has been a driving force across most industries, adoption in property sectors has been lagging.
However, many see 2017 as the year that the technology floodgates will open, from drones to virtual reality, smart tech for buildings to ‘the cloud’ and more.
Read the full article on the Property Report.