For the Residential PropTech sector in 2018 I think we will see a sharper focus on illustrating how the various systems can help show efficiency whilst lowering operating costs, and reduce risk, especially with the increasing regulations and continued drive to ban fees. Software and solutions that are not showing how they can reduce agency costs will quickly find out how tight the purse strings at agencies are and start falling away.
For all those that have not started work for GDPR or have a plan in place, their year is going to be filled with an untold amount of joy. For me though, I would like to see focus on:
- PropTech that will assist agents in the residential lettings sector lower the cost of operating and reducing risk.
- The start of a standardised API model for ALL PropTech companies to use that covers more than just a portal feed.
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