Edited & published by Rayhan Rafiq-Omar

Latest Posts

  • Who will be the traditional letting agent’s next customers?

    | Rayhan Rafiq Omar

    I’ve long written about Rightmove being the only winner in the traditional vs online agency wars. Regardless of how someone chooses to sell their home, Rightmove gets paid. But this dynamic isn’t true with lettings. There is no clear evidence, but it seems anecdotally obvious that many landlords forgo using an agent and list on […]

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  • Is Countrywide going to go the full Purple?

    | Rayhan Rafiq Omar

    Imagine a hypothetical scenario where the largest company in a sector undergoes a slow motion car crash in plain sight of their peers and the public markets. No, I’m not talking about IBM, or Microsoft during Steve Ballmer (the guy that wrote off the iPhone in 2007). The focus today is on Countrywide, the UK’s […]

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  • Why Purplebricks is the story that keeps on giving

    | Rayhan Rafiq Omar

    Purplebricks is the story that keeps on giving. Having wiped the floor with all other online agents in the UK, the firm has launched successfully in Australia and – in a surprise move – raised a monster wedge of cash from investors to take their model and brand to the US. Cue the detractors, jealous […]

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  • Proptech Weekly #58 – Gosh we’re bored

    | Rayhan Rafiq-Omar

    I know we’re only 8 weeks in to 2017, but there’s been little to write home about. But don’t worry, I detest wasting people’s time. It’s genuinely appreciated that each and every one of you take time to read – even more so when you add your own thoughts into the mix. So, Friends, Feudal […]

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  • Proptech Weekly #57 – The people behind Fixflo and their journey

    | Rayhan Rafiq-Omar

    We often obsess about business models, but it’s the people that power the profits. It was Ian Springett that pulled off the impossible to sign up 20%+ of UK estate agencies to OnTheMarket.com. In a week where the man behind the business is in the dock, it’s been riveting reading about the legal case and […]

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  • Proptech Weekly #56 – what does an innovative agency look like?

    | Rayhan Rafiq-Omar

    Base property – located in London’s trendy Shoreditch – punches above its weight by using quality of service, training and technology. We spoke with MD Krjstan Byfield who set up the business with An Deckers in 2004. Friends, Feudal Landlords, Commoners We often hear of companies like Purplebricks and Openrent lowering fees for people to […]

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  • Proptech Weekly #55 – Zoopla, Hometrack and property data porn

    | Rayhan Rafiq-Omar

    I’m no fan of Hometrack or Zoopla’s wildly off guesstimate of your home’s value. But you have to take your hat off to Alex Chesterman for yet another share price rise inducing deal. Friends, Feudal Landlords, Commoners, Yesterday was yet another example of how much of a legendary entrepreneur Alex Chesterman is. No-one else in […]

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  • Fantasy Proptech M&A #2 – Building the British Realogy

    | Rayhan Rafiq-Omar

    Friends, Feudal Landlords, Commoners, In 2014 I wrote this: Seriously, in a massively fragmented property industry, few companies make big money and none come close to dominating in any sphere. What is it about estate agency that perpetuates an incredibly long tail of same-same service providers. There’s very little difference between one agent and another, […]

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  • Proptech Weekly #53 – Are real estate agents AI safe?

    | Rayhan Rafiq-Omar

    Friends, Feudal Landlords, Commoners, When Michael Bruce recently announced the results of his firm Purplebricks, much of the presentation focused on their success at generating online enquiries for people looking to sell and buy homes. It seems fairly obvious that this is the part of agency that generates revenue – finding new customers. But it’s […]

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  • Proptech Weekly #52 – 2016’s top Proptech stories, companies and people

    | Rayhan Rafiq-Omar

    Friends, Feudal Landlords, Commoners, It used to be the property people who were resistant to change. But 2016 was the year the technology people stuck their fingers in their ears and sang la-la na-na-na. The clamour for agent tech has been loud this year. Property professionals have increasingly embraced simple tools like Fixflo to help […]

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