In early March, tens of thousands of English homebuyers were still scrambling to complete their purchases before a Covid relief measure on property tax expired. It left Rishi Sunak, the UK chancellor of the exchequer, with little choice: his so-called stamp-duty “holiday” would have to be extended. For advocates of “proptech”, Sunak’s intervention proved a point: property transactions, both commercial and residential, are in desperate need of disruptive digitisation. It could make life easier for everyone: buyers, sellers, tenants and landlords.
“Pre-pandemic, there was some talk of proptech but definitely not as much as there should have been about driving change and using tech to do things differently,” says Nicholas Kirby, a director at law firm Mishcon de Reya and an expert in proptech law. “That has massively accelerated. [There has been] four to five years worth of change in nine months.”
https://www.ft.com/content/b1539b7b-6b1b-421a-a0e0-71e4a2ac5543