Leading developers sells 10 properties through online bidding platform

first_imgA leading property developer in Manchester says it has sold ten homes through the blockchain-based clicktopurchase online bidding sales platform over the past 18 months.HS Property Group says it has been trialling the fast-growing online bidding platform as it seeks to reduce the costs of sales through estate agents and also lower its conveyancing costs.Its managing director Guy Horne (pictured, above, right) says he wants to see more technology being brought into the property sector and see the sales progression process speeded up.Online properties“The idea is that if you can remove actors you can reduce leads times and speed up process,” he says.“I think blockchain will be used more and more frequently in property sales, but whether clicktopurchase is the one to achieve the breakthrough, who knows?”Clicktopurchase caused controversy within the property industry earlier this year when it struck a deal with Rightmove to trial its service on the portal, enabling purchasers to bid for commercial properties uploaded by agency Singer Veille, which is the company behind clicktopurchase.This worried many residential agents that Rightmove, which has increased its fees aggressively this year, may allow the technology to be used for homes sales.     Clicktopurchase August 14, 2019Nigel LewisOne commentMark Lock, Russen & Turner Russen & Turner 14th August 2019 at 10:41 amThe comment ‘No Plans’…really?Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Land & New Homes » Leading developers sells 10 properties through online bidding platform previous nextLand & New HomesLeading developers sells 10 properties through online bidding platformAfter a slow start that saw just a few sales achieved, clicktopurchase platform now appears to be gaining traction among property developers.Nigel Lewis14th August 20191 Comment818 Viewslast_img

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