Property Meets Technology In The Crowd

house connected to USB cable

Source:Pixabay

Investing in property is either the safest bet, or the biggest asset bubble of all time, depending on your point of view. This week's crowdfunding headlines suggests "property tech" might be the next trend.

According to City AM, technology is seen as the key to overcoming inertia (and also, we hope, of squeezing some inefficiencies out of the market.)  Last year, the property portal Zoopla listed for approximately £1bn.  Since then, Will Gibbs writes, "we have seen the launch of a startup accelerator dedicated to early stage property businesses and a large amount of capital invested into young companies which directly or indirectly relate to the property market."

"Seedcamp, which provides startups with seed money, mentorship, office space and support, welcomed a host of new businesses to its programme in September, including property tech startups GetAgent, Splittable and Trussle. There are many other interesting businesses in this space. Homeshift is a workflow tool which allows the estate agent and home mover to track and manage a transaction, for example, and Property Partner is an online property investment platform."​

Elsewhere, Property Investor Today reports the launch of CrowdLords' incursion into mobile distribution with the launch of the first real-estate crowdfunding app.

“The UK's first two-sided residential crowdfunding platform - CrowdLords - has also become the first UK property crowdfunding site to be listed on new app OFF3R. The app aggregates investments from the world's leading crowdfunding platforms and is available on both Apple and Android devices.

CrowdLords, which launched in October 2014, uses the power and reach of crowdfunding to directly connect investors and property professionals so more people can benefit from investing in property/buy-to-lets. “

OFF3R, which was originally called Tendr, is a deal aggregator. It adapted the "swipe left / swipe right" interface popular on dating sites to allow investors to browse a series of offers, and shortlist  them.