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Showing posts with the label digital disruption in property portals and within estate agent industry

digital disruption in property portals and within estate agent industry

Property portal Zoopla has agreed exclusive partnerships with four UK property technology start-ups accompanied by £1m of investment as it seeks to diversify its offering in the face of increasing competition. The deals, representing the first time Zoopla has invested in start-ups, are with Trussle , an online mortgage adviser; Landbay , a peer-to-peer mortgage provider; PropertyDetective , which provides data and reports on neighbourhoods; and FixFlo , a platform for requesting repairs in rented properties. They are among dozens of “prop tech” start-ups in London that are aiming to bring the success of “fintech” , or financial technology, to real estate, and offering ancillary services across the sector. “There are a lot of processes that are yet to join the digital age, and a lot of exciting developments in property technology. There are opportunities to take broken processes and improve them,” said Alex Chesterman, founder and chief executive of Zoopla Prop...