- Tech partnership between Zoopla-powered Hometrack, the company behind the UK’s most widely used AVM, and proptech LandTech, utilised by the UK’s 10 largest housebuilders
- Tech partnership circumvents the current 13-month Land Registry data delay, affecting 50 percent of all new registered properties
In a market first technology partnership, developers large and small, can now financially appraise, plan and develop properties – with the most up-to-date valuation estimates and comparables data.
LandTech, the proptech firm enabling property developers to identify, assess and fund off-market development opportunities, announced a partnership with property data firm, Hometrack – part Zoopla, to utilise its data to deliver the latest capital and rental comparables within LandTech’s product suite, becoming a best in-class solution for land identification and appraisal.
Comparables enhanced through circumventing Land Registry delay
Providing the single largest, most complete and most up to date comparable data set, Landtech’s partnership with Hometrack removes the challenges of Land Registry’s 13 month lag in registration of half of all new builds.
This allows developers to obtain the latest new build comparables, including £ per square foot, enabling them to accurately price and calculate the gross development value of a site, likely sales rates and other key metrics.
Combined with LandTech’s ecosystem of developer tools makes this partnership the most comprehensive, fluid and agile platform on which to evaluate, plan and develop property.
Democratising’ development through unparalleled comparables data
LandTech co-founder and former town planner, Jonny Britton, commented: “Our mission since our inception nearly a decade ago, was to use data and technology to power every element of property development, and this collaboration brings this goal that much closer.
“We’ve always excelled at planning and workflow, and our Hometrack partnership employing their data will deliver unparalleled comparables data – whether for long term investment, resale or rental yields.”
Ross Allan, director of property data solutions at Hometrack, commented: “We’re constantly striving to improve our offering for customers and our partnership with LandTech enables us to provide best in-class data and insights to developers.
“We look forward to working closely with LandTech to deliver this and much more to our customers in the coming months and years.”
Utilised by the UK’s top ten housebuilders and more than two thousand property industry clients from architects, planners, government, local councils, commercial, power and residential developers, UK-homegrown LandTech expanded to the US earlier this year.
Find out more about Property Listings Data from Hometrack