LandTech and Hometrack have formed a partnership to unlock market-first ‘comparables’ data for property developers.
The partners said their data set removes the challenges associated with the Land Registry’s 13-month lag in registering half of all new builds, and gives developers large and small the ability to “financially appraise, plan and develop properties – with the most up-to-date valuation estimates and comparables data”.
Jonny Britton, LandTech co-founder, said: “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, added: “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.”
