CapitalRise: The proptech startup that survived Brexit and its new regulations

March 23, 2020
Share this Post: 

Surprisingly for some, while Brexit led to a world of uncertainty, economic overhauls, and sweeping changes to the future, it - like most change - created new opportunities.

And Uma Rajah, CapitalRise CEO, saw how Brexit impacted the luxury real estate market of the country firsthand.

That uncertainty specifically is what has set the tone for the UK - especially London. Rajah says, "Uncertainty causes people to sit on their hands and not transact."

But a general election that brought Conservatives to the majority created a window. To the frequent international, and potential, investors, "London was on sale," Rajah said.

Her takeaway: Brexit's consequences on the pound's value can definitely be a boon for those interested in London property.

March 23, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Dutch Houses Netherlands
Mediahuis Shuts Dutch Portal Jaap Citing Fierce Competition

The Dutch real estate portal Jaap quietly shut down earlier this year after seeing its profits evaporate in the face...

Read More
Costar Vs Zillow Cowboys
CoStar's May Not Need to Win Traffic Game to Out-Earn Zillow

It might be growing fast (and shouting about it) but CoStar-owned US  challenger real estate portal is still a...

Read More
Untitled Design 10 1
Schibsted Successfully Detaches Media Business, Leaving Standalone Marketplaces Segment

The Norwegian media and marketplace operator Schibsted has had a busy month, with transactions worth approximately NOK 50 billion ($4.7...

Read More
Idealista Cinven
Private Equity Firm Cinven Takes the Lead in €3Bn Idealista Tug-Of-War

London-based, private equity firm Cinven has reportedly signed an exclusivity agreement to acquire Idealista for an estimated €3 billion. The...

Read More

Editor's Pick