Episode 23 - Can Blockchain Transform Property Buying and Selling?

In this episode, Property Solvers' Ruban Selvanayagam is joined by Neil Singer, founder of the online property sales platform, Click to Purchase. Neil, a qualified chartered surveyor with extensive experience in commercial property transactions, has been a pioneer in incorporating blockchain technology into the UK property market.

Listeners will hear about Neil's career journey, starting with traditional methods of property sales and leading to his groundbreaking work in transforming the buying and selling process. He shares how the financial crash of 2008 led him to explore digital tools, which eventually resulted in the creation of Click to Purchase - a platform that uses blockchain to offer quick, legally-binding property transactions with full transparency.

Throughout the conversation, Neil explains how blockchain technology ensures secure, immutable transactions, and the impact of this innovation on the property industry. He also discusses the limitations of blockchain in real estate and why he believes the future lies in the power of data sharing rather than blockchain hype.

This episode is packed with insights into the evolving landscape of real estate, the practical applications of cutting-edge technology, and Neil’s vision for how the property market will continue to change in the coming years. 

 

#BlockchainProperty #BlockRealEstate #SellProperty #BuyProperty #SellHouse #SellHomes #BuyHomes 

 

LINKS (RESOURCES) REFERRED TO IN THE PODCAST

Click to Purchase

SV International Network

Follow Neil Singer on LinkedIn

RELEVANT LINKS

Property Solvers Investor Profiling

Become an Auction Partner

Property Solvers (Sell House Fast)

Property Solvers (We Buy Any House)

Property Solvers Auctions

Property Auctions News

How to Value Your House

TIMESTAMPS

00:10 - Introduction of Neil Singer and Click to Purchase property sales platform

00:56 - Neil’s career background in property sales

02:03 - Transition from traditional property sales to online (including auctions)

02:53 - Development of Click to Purchase and blockchain in real estate

04:02 - Rise in online property sales post-Covid

04:47 - Explanation of blockchain’s origin and use

05:54 - Blockchain’s immutability and distributed ledger

08:32 - Blockchain prevents alterations in transactions

11:07 - Blockchain security benefits via distributed ledger

12:25 - Blockchain application in property transactions

14:45 - Explanation of digital wallets and cryptocurrency

15:35 - How Click to Purchase property sales work

18:44 - Transparency in the Click to Purchase process

20:51 - UK vs international property buying processes

21:22 - Property surveys and due diligence in transactions

22:14 - Click to Purchase’s international network expansion

23:23 - Regulatory adjustments for blockchain across jurisdictions

24:30 - Neil’s involvement in digital document execution

26:27 - Limitations and future of blockchain technology

29:05 - Anti-money laundering challenges for blockchain

30:32 - Lack of backing for cryptocurrency explained

32:28 - Transition to technology-driven property transactions

33:55 - Tokenisation syndication and real estate investments

36:56 - Resistance to technology adoption in property industry

38:49 - Importance of data in property industry

40:00 - Closing and how to contact Neil Singer