Rentals website Spotahome has revealed plans to boost its London presence with a recruitment drive after being named as Property Tech Company of the Year at the 2018 National Landlord Investment Show Awards.

The business is similar to Airbnb, but properties can be rented for a minimum of 30 days and tenants pay a deposit and rent to the landlord and a booking fee to the platform, calculated based on the length of stay and rental price.

The platform provides HD video tours, 360-degree high quality photos, floor plans and detailed property descriptions for tenants so they can view and book to stay at a property from anywhere in the world.

It launched in the UK in March 2016 but has operated globally in cities such as Barcelona, Rome and Milan since 2014 and has backing from Silicon Valley investor Kleiner Perkins, which previously supported startups including Spotify and Uber.

Spotahome said traffic to its London listings increased 60% annually in the first half of the year and said it now plans to bring on more senior executives and open a London office.

James Heffer, London city manager, said: “This is one incredible accolade as we’re about to further grow our presence in London. It’s been a big year of development and building our city relationships, and we have some ambitious plans for the future.

“It’s an exciting time for the London rental property market as landlords and property managers look for more flexibility in their rental agreements and to totally digitise the service.

“We have a strong portfolio in London with thousands of online bookable rental properties, with tenancies ranging from 30 days to long-term, which is really offering a wider range of options for tenants.”