Book a demo
Let a friendly Gnomen expert answer all of your questions and take you through the system online in 15 minutes. Just choose a time that suits you.
In the recent Budget - one of the most eagerly anticipated fiscal events for many a year - the chancellor Philip Hammond outlined measures to ensure Britain isn't left behind in the tech revolution.
This included significant funding for artificial intelligence (AI), next-generation 5G mobile networks, electric car charge points and digital and construction skills.
There will also be regulatory changes for on-road driverless car testing – to allow more developers to apply to test driverless vehicles – and funding to put driverless cars on the roads by 2021. It’s the government’s aim to have fully driverless cars on the road in four years, with no safety attendant on board.
“Some would say that's a bold move but I believe we have to embrace these technologies, we have to take up these challenges, if we want to see Britain leading the next industrial revolution,” Hammond said before the Budget.
During his Budget address, Hammond said he wanted to secure Britain’s status as a world leader when it comes to technology and innovation. Broken down, the tech funding pledges included:
Previously, we outlined why those in the property world need to come to terms with – and embrace – AI or risk becoming obsolete. There is evidence, though, that Britain is losing its place on the world stage with regards to cutting-edge technology.
A new report conducted by the Organisation for Economic Co-operation and Development suggests the UK’s influence is declining when it comes to scientific research and AI inventions.
In fact, the research says that the UK accounted for just 1.9% of all AI-related patent applications from 2010 to 2015, while the majority (around 70%) of AI technological development is taking place in Korea, Taiwan, Japan and China.
The AI money announced in the Budget (£75m) will go towards supporting start-ups and increasing the number of PHD students working in this field to 200 per year, while some of the funding is also expected to aid the formation of an AI advisory body to ‘remove barriers to AI development’.
However, tech experts have warned that Britain needs to do more to avoid being left behind. While the move by the government to invest more money in AI is a positive step, Britain is in a global race to adopt more AI technology and other countries are currently pumping far more money in.
Meanwhile, the announcement of further investment in full-fibre broadband and 5G follows previous pledges by the government in the past. In March, £200 million was set aside for full fibre and 5G, while at the Autumn Statement in November 2016 there was the unveiling of a £1.1 billion boost to digital infrastructure. 5G networks are expected to be trialled next year by BT’s EE, with initial services set to be launched in 2019 and full deployments rolled out in 2020.
There were plenty of housing announcements, too, with the immediate abolition of stamp duty for first-time buyers purchasing homes worth up to £300,000 grabbing all the headlines.
An extra £44 billion for housing – to help meet the target of 300,000 new homes being built a year by the mid-2020s – councils being given powers to charge 100% council tax premium on empty properties, a new homelessness taskforce and £400 million to regenerate housing estates were other key policies outlined in Hammond’s speech.
What this latest Budget shows is the increasingly digital world we live in – with so much of our lives now lived online – and how this is going to affect all industries going forward, including property.
AI could one day play a key role in the property industry, while the rollout of 5G and full-fibre broadband is likely to be appealing to tenants who place super-fast internet access above nearly everything else when it comes to sourcing rental properties.
In an increasingly digital landscape, it’s important that your property software keeps pace. At Gnomen we can guarantee that with our all-in-one, cloud-based package, which allows you to manage all aspects of your business seamlessly.
We also design websites that look beautiful and, just as importantly, work beautifully, to ensure your agency stands out from the crowd.
For more information about what Gnomen can do for you, please get in touch with us on 0208 123 9019 or book a free demo here.
In one of the most ground-breaking industry announcements for many a year, the Regulation of Property Agents (RoPA) working group finally released its 54-page document proposing root and branch reform of the agency industry in mid-July.
The recommendations of an independent review into selective licensing in the private rented sector were recently announced
The field of contenders to replace Theresa May as the next Conservative Party leader and Prime Minister is being whittled down
For a robust property market functioning at its peak, demand needs to be high, supply needs to be steady and sales need to be going through on a regular basis.
We've looked in the past at the importance of protecting data and complying with new data protection legislation, and why a secure system is vital for agents in preventing money laundering and other suspicious activities from taking place.
Its been a long time coming, and has provoked plenty of debate criticism since Philip Hammond first put the proposals forward to ban letting fees in his November 2016 Autumn Statement, but the Tenant Fees Act finally comes into play on June 1.
As an agent, you want to sell and let as many homes as possible to enhance your business, boost your reputation and improve your profit margins. Leads from the portals play a crucial role in finding the right buyers and tenants for your
For estate and letting agents across the UK, the next few months are set to be challenging thanks to the introduction of the ban on letting agent fees charged to tenants and the ongoing uncertainty surrounding Brexit
It was recently revealed that new guidance has been issued by the Property Ombudsman (TPO) over what it labels a growing issue namely that of dual fees.
Agents have been accused of doing 'not nearly enough' to report money laundering, according to a claim made by the government's anti-money laundering campaign.
The cost of moving has hit a record high but agents fees have remain unchanged in the past year. Thats the main take home from an annual study of transaction charges by home moving site reallymoving.com.
For a while now, the government has talked a lot about speeding up the house buying process to benefit both buyers and sellers.
There is traditionally a post Christmas boom in housing activity, hitting a peak in February and March as buyers and sellers seek to push deals over the line.
A new year is now upon us, and there are a number of reasons for letting agents to embrace 2019 with a sense of positivity and optimism.
The government recently announced a U-turn on its plans to cap tenant deposits at six weeks rent, with the amount tenants have to pay upfront to secure a home now set to be cut to five weeks for
One feature which has proved more and more popular in recent years is virtual tours which allow would-be tenants and buyers to experience a home without actually being there
As an estate agent, the fee you decide to charge vendors is extremely important.
Given its huge reach, influence and audience and as a place where photos, videos and words can be shared instantly between large numbers of people its perhaps surprising that its taken this long for
The ban on letting agent fees charged to tenants announced by Chancellor Philip Hammond in November 2016
While the majority of estate agents operate from the high street, there has been a growing trend in recent years for online/hybrid operators eager to disrupt the market and challenge the status quo.