Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Dwelly Raises £125m for Lettings Agency Acquisitions and AI Development
Dwelly, a lettings agency group, has secured £125 million to fund further acquisitions of lettings agencies and to develop artificial intelligence. The group has previously acquired several small independent firms over the past two years.
According to the report, Dwelly now manages approximately 15,000 properties across the UK. This portfolio size places Dwelly among the ten largest lettings businesses in the country.
This development is relevant for UK letting agents and inventory clerks, as it signals ongoing consolidation in the sector and the increasing role of technology in property management.
Source: Letting Agent Today