Partner Nick Kirby was interviewed by the Financial Times discussing the impact the COVID-19 pandemic has had on the adoption of 'proptech'. The article examines how the lockdown period has increased interest in digital transactions, as the past 12 months have highlighted the inefficiencies in traditional selling methods.
Nick said; “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. That has massively accelerated. [There has been] four to five years' worth of change in nine months.”
However, Nick explains that ingrained behaviours remain the biggest barriers to adoption; “It takes time, energy and effort to change: conveyancers are so busy, they don’t have much time to look up. But it is education, too: convincing people that this will help them and their clients.”
Read the full article here (subscription only): Scramble to complete property deals shows scope for digital disruption | Financial Times (ft.com)