Further details have emerged from the fine print of the Autumn Budget Statement, which Chancellor Jeremy Hunt, MP, announced on 22 November 2023, with positive news for the mortgage guarantee scheme, proptech and new housing developments.

Proptech offers many valuable benefits to property managers who are prepared to evolve their own habits too. Tech tools aren’t designed to replace the human element, but they can help agents be more efficient, compliant and effective in what they do. It’s important to remember its success is down to a team effort – even the very best proptech still relies on the expertise of inventory clerks, letting agents and landlords to make it work optimally.

We are the sole representative body for estate agents in the Land Registry’s new steering group deciding on the next steps for speeding up property transactions and reducing fall-throughs. The Digital Property Market Steering Group (DPMSG), of which Propertymark is a founding member, wants everyone involved in buying, leasing, and selling land or property to experience a secure, modern market that is transparent, customer and business-friendly at all stages.

A paper from the Geospatial Commission sets out technological support for commitments from HM Land Registry and the Department for Levelling Up, Housing and Communities (DLUHC) to make critical information digitally available to homebuyers and set up a reliable Private Rented Property Portal to raise standards and drive criminal landlords out of the sector.

Following a year of research and development, working collaboratively with Leaders Romans Group (LRG), Inventory Hive has created a new diary-management/maps feature that will be a game changer for coordinating property inspections and visits.

Artificial Intelligence (AI) is beginning to transform various industries and the property sales sector is no exception. It’s anticipated that within the next ten years, AI will drive many business processes, and early adopters will gain a competitive edge with previously unattainable efficiencies.

Managing numerous residents, in some cases thousands, all in one building is a highly responsible job and agents need a thorough and robust system to make sure nothing slips through the net.

Boost your marketing skills with timeless tips that will help you identify key business opportunities, stand out in a crowded marketplace, maximise brand awareness and ultimately generate business.

The Telecommunications Infrastructure (Leasehold Property) Act, now in force in England and Wales, makes it easier for broadband providers to gain access to install equipment in blocks of flats and apartments (also known as multi-dwelling units) when a faster connection is requested by a tenant.

The National Association of Realtors' strategic investment arm, Second Century Ventures (SCV) announce their second London-based scale-up programme with 11 companies selected from the UK, France, and Estonia, who operate across a diverse range of market segments and specialisations.

Applications are now open for the property technology scale-up programme which gives a select group of entrepreneurs access to a worldwide network of peers, mentors and investors in order to support and power innovation.

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.

Propertymark, along with other leading residential property bodies across the UK, have published an open letter to Robert Jenrick, Secretary of State for Housing, Communities and Local Government (MHCLG) and Thalia Baldwin, Director of the Geospatial Commission highlighting the potential benefits from implementing a widely adopted Unique Property Reference Number (UPRN).

Proptech companies looking to scale up can now apply to be part of REACH UK’s inaugural cohort.