The real estate sector is one of the most stable and consolidated, with a very high market potential. It is also a sector that has been slow to adopt new technologies and techniques, although thanks to this it could be said that it is solid enough for a disruptive change.
Proptech or the application of technology in the real estate sector is a great example of how small technological companies can have a big impact on a long-established market.
What are proptech companies?
Proptech, or real estate technology, is the use of technology to solve problems in the real estate sector. This can include anything from developing new ways to market and sell properties, to using data and analytics to improve real estate management efficiency.
Proptech is a relatively new term, but the use of technology such as big data or virtual reality in the real estate sector is not.
In recent years, there has been an increase in the use of technology in the real estate market, as more and more companies adopt proptech solutions to improve their businesses and achieve the long-awaited digital transformation.
The advantages of real estate technology are many, but the most significant is that it can help improve companies' efficiency and also make real estate more accessible to a greater number of people.
For example, proptech can help make the process of buying and selling properties easier and more efficient, as well as help people find the right property. In addition, the use of this type of technology can also help improve property management, facilitating data tracking and management.
Proptech is still in its early stages, but it is already having a significant impact on the real estate industry.
In this blog post, we will introduce you to five proptech startups that are transforming the real estate industry by making processes more efficient, data more accessible, and transactions more transparent.
1. Housers
Housers is a Spanish proptech company that is making waves in the real estate sector. The startup offers a new way to invest in properties, allowing people to pool their money and buy a property together in a peer-to-peer manner. This means that people can invest in a property without having to get a mortgage.
The company has already helped hundreds of people buy their first home, and is changing the way people think about real estate investment. Housers is expanding into other areas of the real estate sector, such as rental and property management.
This is exciting news for real estate, which is sure to have a big impact on the industry.
2. Spotahome
Spotahome, which started operating in 2014, has raised over $92.3 million (80 million euros) in funding. In 2017, Spotahome's series A round raised 16.1 million dollars (13.6 million euros) in funding, bringing the total to 25 million dollars (21.1 million euros).
The series B round, a year later, raised 40 million dollars (34 million euros), thanks to investment from Kleiner Perkins. Spotahome is the first Spanish proptech startup (based in Spain) to receive venture capital from leading Silicon Valley venture capital firms.
3. ByHours
Through ByHours, we can book short stays in hotels for three, six, or twelve hours. We only pay for the time we need, making it a great option for travelers who want to rest between short stops or celebrate special occasions flexibly.
This startup was created in 2012 to convince hotels to capitalize on the hours when their rooms are usually empty, charging a 15-17% commission to the hotel and 5% to the customer.
4. ProntoPiso
ProntoPiso is a proptech designed for those who want to sell their house to buy another, a common practice in English-speaking markets.
The startup commits to sell the house in 90 days and, after that time, if the deal has not been closed, it offers 95% of the market price so that the customer can buy their next home. This method breaks with the usual process of the real estate sector.
5. Brickbro
Brickbro is a startup that is starting to make an impact in the proptech sector. They make it easier than ever to search for and rent commercial spaces. With their cutting-edge technology, you can search for properties, compare prices, and sign rental contracts all in one place.
Conclusion
The traditional real estate industry has long been prepared for disruption thanks to its limited adoption of new technologies such as big data and its high growth potential.
Proptech startups are revolutionizing this industry by implementing new technologies in the real estate business that go beyond the classic real estate portals.
These innovative companies are improving customer service, streamlining current operations, and opening opportunities for new clients. The opportunities for the real estate market are huge for new startup ideas that break with the established within the boundaries of this sector.
