Latest News

Executive Chair’s new role for the Conveyancing Association

06 May 2021

Nicky Heathcote, Propertymark’s Interim Executive Chair, will also lend her skills to The Conveyancing Association, stepping into the role of Non-Executive Chair with immediate effect. Read More...

Fire Safety Bill finally due to become law

29 April 2021

The Fire Safety Bill clarifies where responsibility for fire safety lies in multi-occupied buildings in England and Wales and is set to receive Royal Assent today, 29 April. Read More...

Agents’ views sought on property listings

20 April 2021

The National Trading Standards Estate and Letting Agency Team (NTSELAT) has today, 20 April, launched a consultation to gather information to develop guidance as to what should be considered material information on property listings and portals. Read More...

New Stamp Duty surcharge for non-UK residents

01 April 2021

From today, 1 April 2021, a two per cent higher rate of Stamp Duty Land Tax (SDLT) will apply to purchasers of residential property in England and Northern Ireland who are not resident in the UK. Read More...

 

UK PropTech program announced

Friday 05 February 2021

REACH UK launched its first program with support from NAEA Propertymark and has announced its PropTech class of 2021 which represents companies based across Europe who offer solutions for the entire estate agency industry.

Second Century Ventures, the strategic investment arm of the American National Association of Realtors, is running the program and through this collaboration, Propertymark will have a significant role in accelerating innovation to help its members navigate new market conditions with unique access to top new technology.

Companies that have participated in the REACH program have collectively raised more than $350 million of follow-on financing and have secured key partnerships with DocuSign, Google, Facebook, Keller Williams, and Berkshire Hathaway HomeServices, amongst others.

The seven companies selected for the REACH UK class of 2021 are:

  • Sprift: the UK’s most transparent and comprehensive property data platform
  • UnderTheDoormat: an integrated short-term accommodation business, with a proprietary and highly scalable SaaS platform for property companies, agents and portfolio owners
  • Myroffice: technology-driven cleaning service digitalisation for commercial estate agents;
  • Hammock: innovative property finance management platform for rent collection, bookkeeping, account services and buy to let investment tracking
  • Smart Point: intelligent, contactless automated delivery systems and secure parcel protection
  • Radweb: property management solutions including InventoryBase, a unique cloud and mobile application for property inventory and inspection
  • Offr: customisable digital transaction management platform for estate agents

Learn more about REACH UK nar-reach.com/uk.

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We’re excited to work with the REACH UK class of 2021 to accelerate their growth during a time when many start-ups are concerned about the ongoing impact of COVID-19. Proptech is an exciting and growing industry and the need to adapt to remote working this year has shown the importance of innovation in the property sector. Early engagement with these companies will help Propertymark members navigate the world of technology as it develops and will offer early exposure to some of the most innovative start-ups in the sector.

Mark Hayward

Mark Hayward
Propertymark Chief Policy Officer

 

 

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We had an overwhelming calibre of applicants for our inaugural program and have appreciated the opportunity to connect with so many talented entrepreneurs. We believe the technologies selected for the REACH UK Class of 2021 will be instrumental in shaping the future of the property sector, both in the UK and globally. 

Valentina Shegoyan, REACH UK Managing Partner

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Leveraging the ingenuity that we see on display throughout Europe and across the globe becomes even more critical in the aftermath of COVID-19 and will help us guarantee Realtors® remains at the forefront of industry innovation and adaptation in the years ahead.

Bob Goldberg, Second Century Ventures President, and NAR CEO