PROPTECH-X ‘Proptech & Property News’ Weekly Roundup: OpenBrix | Inventory Base | iamproperty | House Buy Fast

A roundup of the week’s top proptech and property news in association with Estate Agent Networking.

OpenBrix partners with Inventory Base to streamline property inspections and inventory reports

OpenBrix integrates Inventory Base Workstreams to their next generation tenant onboarding solution openflo, the innovative and interactive onboarding management solution for agents.

February 2023, OpenBrix continues to support letting agents with the onboarding of new tenants, all now automated through their innovative solution, openflo, ensuring the tenant onboarding process is completed in a smooth, efficient and compliant manner.

To help streamline the various processes involved in onboarding tenants OpenBrix are pleased to announce their latest partnership with Inventory Base.

Proptech leaders Inventory Base have fully integrated their Inventory Base Workstreams network into openflo, allowing agents using the platform to book inventory reports and property inspections directly at the click of a button!

THE PROPERTY market continues to hold firm – despite fears voiced by many that 2023 would herald a crash in prices. 

In fact, one recent report indicates a large proportion of the anticipated declines in the housing market may already be well behind us. 

According to analysis by Strutt & Parker, the last quarter of 2022 bore the brunt and is maintaining its previous house price forecasts of between -5% and 0% growth for the UK and -3% to 3% for prime central London for 2023.

Jonathan Rolande from the National Association of Property Buyers agrees that all the signs point towards continued resilience in the second quarter of 2023.

He said: “The first quarter of 2023 has shown that the property market in the UK is built on strong foundations.”

iamproperty: Auction sales in the south reach record levels

New data released by iamproperty shows a spike in auction activity in the south, with 2022 sales, instructions and viewings overtaking the north for the first time.

Southern sales made up 35 per cent of iamproperty’s 2022 auction sales^. Although agents in the south saw particular success, demand for auction reached record levels across the UK.

In 2022, iamproperty’s Partner Agents sold 7,014 properties via the Modern Method of Auction (MMoA), up 40 per cent from 2021. During a challenging year for the property market, auction was key to agents’ success, by helping them to win instructions and secure sales.

Partner Agents’ earnings from auction sales hit a record-breaking £25m, up 46 per cent from 2021. Over £400,000 in rewards were also paid out. These record earnings were made possible by over £1.25bn Capital Value worth of property sold via MMoA in 2022, a 54 per cent increase on 2021.

The Proptech-X Weekly Roundup in association with Estate Agent Networking.

Andrew Stanton is the founder and CEO of Proptech-PR, a consultancy for Founders of Proptechs looking to grow and exit, using his influence from decades of industry experience. Separately he is a consultant to some of the biggest names in global real estate, advising on sales and acquisitions, market positioning, and operations. He is also the founder and editor of Proptech-X Proptech & Property News, where his insights, connections and detailed analysis and commentary on proptech and real estate are second to none.

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