How AI adds value for property developers

Tom Malley FCCA
Tom Malley FCCA

Tom Malley FCCA

2 min read


    Warning- it's dull, niche, and doesn't end humanity šŸ¤·ā€ā™‚ļø.

    I spent last year collecting and structuring data on UK company debt. I added value by being able to search the data in novel ways. The result was intelligence on pretty much any niche debt market.

    But there was data I couldn't unlock. Data that wasn't supported by legacy API, like:
    āœ… Location of any property/site/security.
    āœ… Description of any property/site/security.

    This level of data creates insight into niches within niches, for example, different property debt products.

    The data is in pdf charge registration documents filed at Companies House. So, we created a process where the AI reads the pdfs to extract the location and the site/security description.

    I was blown away by the first set of results. That's when I realised we're at the start of an information revolution. Now we can address the problems of asymmetry of information and the principal-agent problem. In a location-driven, opaque market, this is a superpower!

    The benefit for property developers is unbiased information on who's really financing the types of deals in the areas they're interested in.

    FYI- I'm not a tech expert. My partner Luke Bussey deals with that side of things.

    I can't even deal with iPhone updates šŸ¤·ā€ā™‚ļø.

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