The UK must develop a joined-up proptech strategy to remain competitive and fulfil its potential of becoming a global hub for technology and innovation within the property market, according to a joint report from the British Property Federation and Liquid Real Estate Innovation. The LIQUID Report was commissioned by BPF as part of its technology and innovation programme, which launched in September 2018 with a remit to explore how to modernise the sector and bridge the UK real estate productivity gap. While already leading in terms of market transparency, data infrastructure, education and innovation, the report found the UK to be lacking in terms of technology infrastructure and venture capital investment. “Despite being one of the most innovative countries in Europe, we are still lagging behind other European countries, particularly when it comes to building out our own digital infrastructure,” said Richard Lloyd, CEO of the
The UK must develop a joined-up proptech strategy to remain competitive and fulfil its potential of becoming a global hub for technology and innovation within the property market, according to a joint report from the British Property Federation and Liquid Real Estate Innovation. While already leading in terms of market transparency, data infrastructure, education and innovation, the report found the UK to be lacking in terms of technology infrastructure and venture capital investment. “Despite being one of the most innovative countries in Europe, we are still lagging behind other European countries, particularly when it comes to building out our own digital infrastructure,” said Richard Lloyd, CEO of the