The 5 proptech startups revolutionizing the real estate market

Real estate is one of the most stable and consolidated sectors, with a very high market potential. It is also a sector that has been slow to adopt new technologies and techniques, which means it is ripe for disruption. Proptech - or the application of technology in real estate - is a great example of how small tech companies can have a big impact on an established market.

What are proptech companies?

Proptech, or real estate technology, is the use of technology to solve problems in real estate. This can include anything from developing new ways to market and sell properties, to using data and analytics to improve the efficiency of real estate management.

Proptech is a relatively new term, but the use of technology in real estate is not. However, in recent years there has been an increase in the use of technology in real estate, as more and more companies adopt proptech solutions to improve their businesses.

The advantages of real estate technology are many, but some of the most significant are that it can help improve the efficiency of businesses and can also help make real estate more accessible to a wider range of people. For example, proptech can help make the process of buying and selling property easier and more efficient, as well as help people find the right property. In addition, proptechs can also help improve property management by making it easier to track and manage data.

Proptechs are still in their early stages, but they are already having a significant impact on the real estate industry. In the future

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.

All of these companies are working to deliver solutions that streamline current transactions and open up exciting new opportunities for investors, brokers, tenants, landlords and homeowners alike.

1. Housers

Housers is a Spanish proptech that is shaking up the real estate sector. The company offers a new way to invest in real estate, allowing people to pool their money and buy a property together. This means people can invest in a property without having to take out a mortgage. The company has already helped hundreds of people buy their first home, and is changing the way people think about property investment. The company is also expanding into other areas of real estate, such as rental and property management. This is exciting news for the real estate sector, which is sure to have a big impact on the industry.

2. Spotahome

Spotahome, which began operations in 2014, has raised more than $92.3 million (€80 million) in funding. In 2017, Spotahome's Series A round generated $16.1 million (€13.6 million) in funding, raising a total of $25 million (€21.1 million). The Series B round a year later raised $40 million (€34 million), thanks to investment from Kleiner Perkins. Spotahome is the first Spanish startup based in Spain to receive venture capital from leading Silicon Valley VC firms.

3. ByHours

Through ByHours, we can book short-term 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 transit stops or celebrate special occasions in a flexible way. This company was created in 2012 to convince hotels to monetize the hours their rooms are usually idle, charging a 15-17% commission to the hotel and 5% to the client.

4. Prontopiso

ProntoPiso is a proptech designed for those who want to sell their house to buy another, a common practice in Anglo-Saxon markets. The company 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 his next home. This method separates the "chain" from the old real estate sector.

5. Brickbro

Brickbro is a startup that is shaking up the proptech scene. They make it easier than ever to search and lease commercial real estate. With their cutting-edge technology, you can search for real estate, compare prices, and sign leases all in one place.

Conclusion

The real estate industry has long been poised for disruption thanks to its low adoption of new technologies and high growth potential. Proptech startups are revolutionizing this industry by implementing new technologies in the real estate business. These innovative companies are improving customer service, streamlining current operations and opening up opportunities for new customers.