Five PropTech suppliers to watch - Propertymark’s ‘good for agents’ shortlist

Propertymark has shortlisted five of the 700 or so PropTech suppliers in the UK, as part of the trade body’s REACH UK programme.

REACH UK is a technology scale-up programme, which has the support of Propertymark. Through this collaboration, Propertymark says it has a significant role in accelerating innovation to help its agent members navigate new market conditions with unique access to top new technology.

The programme, originally devised by the US National Association of Realtors, gives the five UK supplies education, mentorship and exclusive access to key industry events, to accelerate their businesses and expand into adjacent markets such as insurance, mortgage and financial services.

Mark Hayward, Propertymark’s chief policy advisor, comments: “In Propertymark’s further efforts to assist members to navigate the world of technology, I am excited to hear from suppliers and explore how they can help agents adapt and understand how innovation can benefit their business and the property sector. The REACH UK companies who were invited to participate in Propertymark webinar represent technologies which enable process efficiencies, provide time and costs savings, and are human-centric at their core.”

Here are the chosen five.

Offr - Propertymark says: “Offr’s ground breaking technology transforms the estate agent's website from visual to fully transactional - it works for both commercial and residential property and facilitates all transaction types. Offr’s vision is that the future of estate agency is the tech enabled 'agile agent'. An agent who can work 100 per cent remotely, securely and with far greater efficiency.”

Hammock - Propertymark says: “With Hammock’s technology, letting agents can save time, money and eliminate human errors by removing repetitive and manual tasks such as monitoring rental payments, reconciling transactions in the background, and synchronising the information across systems. It allows to automate rent collection monitoring, alongside other income and expenses as well as provides automated bookkeeping, by reconciling payments in real-time and by flagging any discrepancies for prompt resolution.”

PropertyInspect & Inventory Base - “InventoryBase (residential) and PropertyInspect (commercial) provides property management & inspection workflows which produces professional property reports: inventories, check outs, risk assessments, building inspections and more. Complete end-to-end solutions that can be white-labelled and tailors to specific requirements and workflows to the highest standard.”

UnderTheDoormat - “UnderTheDoormat’s mission is to enable every property to fulfil its potential, every day. Their SaaS model, Hospiria, opens up new revenue streams for agents, property managers and landlords by adding short term rentals to their business - a market predicted to be worth £52bn in the UK by 2025.”

Sprift - “Sprift offers the most comprehensive source of data on UK properties. Spift is on a mission to better inform buyers by providing data and information upfront, and ultimately, reduce the time It takes to complete a house sale. To date, there are over 28 million properties stored on the Sprift platform. More than 5,000 estate agents are now relying on Sprift’s data and the company has produced nearly 1.3 million reports for clients, whilst driving a 22 per cent average increase in business won.”