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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If you have any questions about your Agency Software or would like to discuss what options are available, give me a call on 07787 127 100 or leave your details and I will call you.
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Michael is a Technology & Digital Consultant to the Real Estate, Property, Travel and Tourism industies with over 13 Years of leading Technical teams & Programme Management. He has worked with agencies in multiple countries and cities from the UK, New York, Russia, France, Dubai to Australia and South Africa. In his spare time he is a commercial drone pilot that dabbles with Photography & Videography.
