We are in an era where every week there is a new buzzword dominating the headlines, but PropTech has transitioned into an industry in its own right. You are probably familiar with some of the more established players, such as Zoopla and Rightmove, but recently we have witnessed an explosion of new companies looking to disrupt the property and estate agent market.
Until recently, the property industry was behind the times, living in the traditional realm of estate agencies and ignoring the technology advances that were taking place in other industries. But this is no longer the case. There are now PropTech companies that incorporate everything, from data analysis to lending, and I have picked out my top 5 to watch:
BrickVest is the latest platform to announce an impressive round of investment, having raised £2million from a number of angel investors. Boasting the expertise of real estate veterans and finance and tech professionals, BrickVest is a pan-European online crowd investing platform that allows users to directly invest into property. Looking to rebalance the status quo in real estate investment, this new platform can be used by everyone, from private investor to large institutes.
The brainchild of ex-trader and property developer Gavriel Merkado, REalyse is set to become the go to platform for professional property developers, investors and agents. REalyse’s analytics platform allows you to identify trends, such as yield and local features, to find the best area to buy sell and develop residential property.
The only online platform dedicated exclusively to renters, Movebubble provides an easy-to-use app for those looking to secure their dream property, from booking viewings to paying a deposit via their app. Aiden Rushby, CEO and previous estate agent, recognised the flaws in the traditional property market which failed to put the needs of the renters first.
An online mortgage broker, Trussle has streamlined an often-painful process, by creating a hassle free way to get a mortgage online. They have recently raised £4.5million in Series A funding and have attracted some heavy weight property investors including Zoopla and Seedcamp. Having already been responsible for managing £1 billion worth of mortgages for UK homeowners, 2017 is set to be a promising year for this start up.
This company is a bit different from the others on this list, as it has successfully married property development with design. Founded by Savannah de Savary, Industry Hub allows real estate developers to track down top architects, interior designers and engineers something that has previously relied on word of mouth recommendations, speeding up the development process. Their modern approach embraces the Pinterest era and allows users to browse images chosen by their colleagues and share with their client in a notebook format. Social media meet proptech!
For more insight on emerging technology sectors please see here.
What actually is PropTech?