Residential asset managers must wake up to the power or proptech
02/08/2022
Author : Mary-Anne Bowring
The Shift Toward Proptech
Introduction to how the use of data in decision-making is revolutionizing the real estate sector, particularly in uncertain times.
The Economic Landscape and Real Estate
Discussion on how inflation, government debt, and economic unpredictability are driving investors toward real estate as a safe haven.
Defensive Qualities of Purpose-Built Residential Rentals
Exploration of how the residential rental sector is valued for its resilience during volatile periods, offering long-term income generation.
The Lease Renewal Advantage
Focus on how lease renewals present opportunities to adjust rental income, protecting against yield erosion in real terms.
The Surge in Real Estate Investment
Insight into the rapid growth in real estate investment, driven by the need for stable returns in an unpredictable market.
Proptech Investment Boom
Overview of the growth in proptech investment, particularly after 2021’s record highs across the UK and Europe, highlighting its role in the evolving landscape.
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Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.