A new UK report outlining the role proptech can play in unlocking growth in the real estate sector has called for the establishment of public and private partnerships to test new proptech tools, as well as the creation of a cross-parliamentary proptech innovation service to accelerate the use of new technology.

The report was commissioned by the UK government and compiled by the UK PropTech Association (UKPA) in conjunction with PUBLIC, a specialist digital advisory firm. The report’s authors say many of the real estate industry’s processes are still analogue, showing there is a huge opportunity for technology to achieve significant efficiencies. Among other recommendations to increase the use of technology, the report — called The Opportunity for PropTech: Leveraging technology for the UK’s built environment — says there is a need for an industry roadmap highlighting obstacles to investment.

The report comes amid a significant increase in investment