There has been a marked increase in new prop tech start-ups over the last year as they look to mirror the success of fintech in the property sector.
Quick to notice this trend and looking to bolster its position, the established property portal Zoopla earlier in the year got in on the action by investing £1 million in four UK property technology start-ups and agreeing exclusive partnerships with them.
So who are these start-ups and what do they do?
Trussle is an online mortgage adviser who describes themselves as “mortgage matchmakers”
Landbay is a peer to peer mortgage provider looking to bridge the gap between investors and borrowers.
PropertyDetective supplies reports and data on neighbourhoods from affluence to schools to crime to nuisance smells!
FixFlo enables requests for repairs in rental properties to be dealt with more effectively.
Zoopla’s decision may also have something to do with the arrival of the relative newbie OnTheMarket who have made it quite clear that they are seeking to undercut the “excessive fees” that many estate agents feel Zoopla and their main rival Rightmove charge.
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