PropTech

London named Prop Tech capital of the world

News, PropTech /

New findings from Osborne Clarke reveal that London is the most advanced city in Europe when it comes to usage of technology in the built environment. Tech experts say London is the leading city in Europe when it comes to the usage of technology in the built environment, according to research from Osborne Clarke. The report Future Proof Real Estate – is the property sector ready for the 2020s? builds a picture of how the technology sector thinks innovation will change the face of the built environment in Europe over the next three to five years. Over two fifths of experts (42%) believe that London is leading the pack, well ahead of rival cities from the continent. Amsterdam (28%), Berlin (26%), Paris (23%) and […]

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90% of public can’t identify a modular home

News, PropTech /

Home Group reported that 52% of individuals would be unlikely to live in a modular home, yet almost 90% failed to identify a modern modular product. The research, carried out on behalf of Home Group by YouGov, found that more than half of those surveyed would not choose modular, and 41% believe that modular homes are less durable than conventionally built homes. However, using a selection of images from which respondents could identify modular homes, many identified the two container home images as modular (75% and 78% respectively), whereas only 11% identified today’s product as a modular home. Brian Ham, executive director – development, Home Group said, “We’ve always known that there may be issues with perceptions of modular homes, but it’s reassuring

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Five problems with prop tech

Features, News, PropTech /

Investment in fin tech is six times that of prop tech, despite the fact that real estate contributes £94 billion to the UK’s economy; so, what’s holding us back? Experts at Future: Prop Tech 2018 explained some of the challenges. Lack of motivation Enough housebuilders do well out of the current system to resist changing it. “There is limited incentive in planning policy and building regulations to make traditional housebuilders build in a different way,” said Dan Batterton, Legal & General’s Build to Rent fund manager. “It’s a very successful business model. Except they currently build 150,000 homes a year, and we need to build 250,000 a year.” Lack of affordability With limited access to sites, finance and apprentices, the last thing SMEs

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How drones will revolutionise the construction industry

Features, PropTech /

Steve Mansour, CEO of CRL, explains how drones will take the construction industry to another level. The introduction of drones is a positive development in our industry. It might sound far-fetched, but thanks to their flexibility, these small and sophisticated devices could soon be as common onsite as trucks and excavators. A report by Goldman Sachs makes it clear that the largest expected take-up for commercial drones is in construction, primarily in surveying and mapping sites. It estimates that total global spending on drones in the commercial market will be $100 billion over the next two years. Of that, approximately $11.2 billion will be generated by the construction industry. Such sizeable growth is evidence that business leaders no longer view drones as mere high-tech toys.

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Miller Homes creates new site manager app

News, PropTech /

A new initiative by Miller Homes has created a new, tailor made site manager app. The app has been designed by the housebuilder’s in-house IT and production teams to create a more streamlined process for the recording, accessing and sharing of data between site teams and office-based staff. Site managers can use the app on site via a smart phone or tablet to input information relating to build programmes and also access relevant customer, plot and development information. As the app is synced with Miller Homes IT systems, office-based procurement teams can more carefully monitor and manage material supplies to ensure greater certainty around build programmes. Graeme Stirling, IT Director at Miller Homes, said, “This new app not only means our site managers

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