Spain: Proptech Trends for 2019

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The proptech sector has grown 300% in Spain last year and already employs 5,000 people. The number of companies has also skyrocketed to 236. In Spain, proptech companies have staged 4 of the 20 million-plus sales in the last 15 years, notably the sale of Idealista for 150 million euros.

If we take as reference the United Kingdom, where these companies were born, it is estimated that in 2020 they will have a share of the real estate market between 15% and 20%, tripling the percentage of the current 5%.

For these reasons, 2019 is expected to be a great year for the sector. Below we will look at some of the trends for this year in the construction and proptech sectors.

Trends under construction in 2019: technology

New technologies have been incorporated into the construction sector to improve processes and increase profitability. These are some of the trends that will gain momentum during the year.

Applications that provide information about the works: Keeping track of the tasks through paper or telephone communications has become outdated. Now you can check the status and evolution of the promotions in real time.

Virtual reality: This technology has also been incorporated, as it allows you to visit the state of construction without visiting the work, recreating possible modifications and reforms in construction projects.

Big data to identify new opportunities: The large volume of data that originate today requires a rapid analysis for decision making. Cost reduction in manufacturing, supplier search and new business opportunities are vital.

Technology applied to the real estate sector

The trends in proptech are aimed at improving the management of the real estate market, which will lead to a reduction in inter-mediation costs and a greater ease in the management of real estate portfolios.

Proptech trends in 2019

The applications that generate more business in this sector are:

Property management platforms. Disappears the traditional model of real estate agencies, it is no longer necessary that you have an intermediary between the owner and the tenants. The hiring will be direct and online so you will see the network of intermediaries disappear, in addition to having a greater diffusion of your real estate.

The emergence of the alternative loan market. There are platforms through which you can invest in real estate through the use of crowdfunding.You can participate in the purchase of real estate from 50 euros through investment platforms, it is no longer necessary the presence of large developers behind the promotions.

After seeing these trends, we can say that the sector evolves year after year and that is becoming more technological. This 2019 will undoubtedly bring us new challenges and opportunities that we must face. Many of the new technologies that proptech will use will surely not even exist. What will the future hold for us?

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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