AskPorter for example is doing great stuff with property management with their digital assistant solution. Hubble has just raised a Series A funding round which suggests they’ve overcome many of the scaling challenges that held them back. They’ve built an impressive platform and if it can cover the whole market it is much needed and will add huge value. Finally, it seems like we have been talking about AI forever as a thing of the future, but the products I’ve mentioned use it in some way – it’s happening now. Another good example is, PerchPeek who are using AI to match renters with homes and are seeing better results than traditional renting platforms. That’s quite impressive!

The Big Data Players have Ventured into PropTech

Big data companies across the board (Facebook, Amazon, Google, Airbnb) are moving into PropTech in a massive way. You’ve got the likes of Google building a city in Toronto from the internet up. Amazon investing in a prefab company with an intention to build Alexa enabled homes.

They are looking at how they can capitalise on the consumer demands of people inside their homes. This is particularly significant because they have the resources to stimulate the whole property ecosystem (not just PropTech) which will encourage investment and innovation all around.

Commercial real estate companies in particular are gathering and analysing data about how people are dwelling in their buildings. This data is informing, design, strategy and ultimately investment decisions. It will be interesting to see how such data is collected and used in the residential market.

PropTech Company Data is Now Easy to Access

Much more real time data about the market has become available and the investment sector is getting more organised with the likes of Unissu gathering momentum which enables investors to make better choices about who to invest in, or use for themselves.