Written by Tom Clarke • Published 14th October 2019 • 5 minute read
Since the emergence of PropTech, the UK has played an integral role in the development of the industry, an unissu report earlier this year suggested that 771 PropTech companies and counting, reside in the UK.
One of the contributing factors for the development of PropTech in the UK is due to the sharp rise in the percentage of households who possess a smart phone. Last year saw a whopping 95% of households in the UK own a smart device; but what does this have to do with PropTech?
Well to keep up with an ever-evolving society, Proptech is fast becoming a millennial dominated market place. Millennials use smartphones for checking available properties, finding a free carpark space and tracking down the next handyman. The property world is changing and millennials are the driving force behind it.
To celebrate cutting-edge innovation in the UK, we’ve created the PHA PropTech series, where over the next few weeks we’ll celebrate a selection of the top PropTech businesses who are leading the way in the industry.
To kick things off we take a look at the businesses renovating the rental market.
The Collective mission is to build and create spaces that foster human connection and enable people to lead more fulfilling lives. The Collective is putting an alternative spin on co-living that is so much more than just shared spaces.
The accommodation combines bespoke designed private space with personalised amenities and ground-breaking experiences. Stay for a few nights or a year and pay in just one seamless bill.
But the Collective isn’t just for co-living, it’s also for co-working. So, whether it’s the middle of the day or the night and you’re an entrepreneur who needs to set up shop and work, head to The Collective and they’ll be able to find you the perfect space for your needs.
Appear Here allows landlords to link in with retailers to help find the best spaces available on a short-term basis for their businesses. Spaces range from your typical shop to large scale shopping centres.
Not only does Appear Here allow landlords to find short-term tenants for their space so they don’t miss out on business having an empty space but also allows businesses and retailers to search for an interim dream space – perfect for your next seasonal pop-up.
In their short time as a business, Appear Here have gone global with spaces available in Paris and New York, as well as 1000 locations in the UK.
Watch this space for 2020, because if you see a pop-up shop, chances are Appears Here could have helped grow that relationship.
HubbleHQ is the only office rental marketplace to combine industry-leading technology, data insights and market expertise to match businesses with the right workplace to succeed.
HubbleHQ delivers an unrivalled search experience for businesses of all sizes, across flexible, managed and leased options – supercharged by the largest, real-time dataset on the office rental market.
Having already worked with some of the UK’s most forward-thinking companies – including Monzo, Trussle, and Citymapper – HubbleHQ is trusted by businesses large and small, with a Google rating of 4.9 stars.
If you’re constantly on the move for business and travelling from city to city, the thought of stepping inside yet another hotel lobby is probably one which fills you with despair. If the thought of staying in a home which doesn’t live up to expectation either is a risk you’re not willing to take, what do you do?
The Plum Guide is establishing themselves as the first globally recognised mark of quality in the homestay sector.
The Plum’s 150 point ‘Plum Test’ is gruelling, in fact, the toughest in the world, only the top 1% are accepted, in other words for every home accepted into the Plum’s guide collection, 99 aren’t.
So far just over 1,200 homes across London, Paris, New York and Milan have been accepted into the Plum Guide, so if you’re after renting a home that you know will deliver exactly what you need, then look no further.
Aiming to make renting better for everyone is Canopy. The start-up created in 2016 has simplified the rental application process, using innovative technology, tenants are now provided with a ‘rent passport’ that tracks their rental history and allows them to build their credit score.
Canopy believes that sharing a Rent Passport with a landlord or agent will put you ahead of other applicants who are still using traditional forms of renting and may make it more likely that you’ll land your perfect property. The Rent Tracking also allows for rent payments to be tracked to help build a positive credit history which in turn will help to build your creditworthiness and take the next step towards ownership.
Canopy is currently on the App store and Google Play, so why not download today and start helping your future.
Raising the bar in renting standards across London with their hassle-free approach to renting is Fizzy Living. Different to other rental organisations, landlords put residents at the heart of everything they do, which includes no agents and no surprise fees to be wary of.
Then there’s ‘Bob’, your on-site property manager who keeps things running smoothly on a day to day basis.
So, from pet-friendly landlords, to flexible rolling leases and super-fast broadband what’s not to love! Fizzy currently has seven locations in London including Lewisham and Canning Town.
Meet London’s largest hybrid agency. Noticing that the traditional letting agency model doesn’t work anymore, Home Made is a new more efficient way to serve both landlords and tenants.
Home Made is a property-technology company that connects landlords to tenants for a one-off fee with no admin or renewal fees. Their fee which comes in under a £1000 if you exclude VAT is estimated to be 30-90% cheaper compared to traditional high-street agencies.
Using data analytics and technology Home Made are able to offer a better quality of service and greater efficiencies than most other agencies around on the market.
Watch out for Home Made in 2020, as we predict it’s going to be a big year for this startup.
Tune in next week to find out our next unveil on the PHA property board. If you would like to find out more about how public relations could elevate your business to the next level, get in touch today.