Latest News

Land Transaction Tax (LTT) nil rate band extended

04 March 2021

On 3 March 2021, the Welsh Government announced that the temporary increase to the nil rate band of LTT for residential property transactions will be extended to 30 June 2021. Read More...

Campaign leads to extended Stamp Duty holiday

03 March 2021

The Chancellor has listened to Propertymark’s calls to avoid a cliff-edge deadline to the Stamp Duty Land Tax holiday in the UK Government’s budget, today, 3 March 2021. The nil rate band up to £500,000 will end on 30 June, instead of March. A transitional nil rate band up to £250,000 will be in place until the end of September and then return to £125,000 from October, with first-time buyers continuing not to pay stamp duty on properties up to £300,000. Read More...

Estate agents lose over £4,000 for every property sale that falls through

25 February 2021

Research carried out by Propertymark over the last year found an average of 17 property sales fell through, with 42 per cent of respondents saying failed sales are a significant problem for businesses. Read More...

Possible stamp duty extension

24 February 2021

Propertymark’s Chief Policy Advisor Mark Hayward has today welcomed speculation in The Times that the Chancellor may extend the Stamp Duty Holiday in England until the end of June, in next week’s budget. 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