According to a report presented by the group of Real Estate Agents (API) in Catalonia and Deloitte Spain, Spain was the second country in the world with the highest annual investment in ‘proptech’ in the 2020-2021 period, reaching a total figure of 824 million euros, only behind the United States, which leads the ranking with 5,889 million euros.
In this way, the Spanish industry obtained an investment capture figure above the United Kingdom, which stands at 765 million euros, India (742 million euros) or Brazil (444 million). According to the report, this segment has grown a lot and exponentially in recent years.
However, the United Kingdom is the European country that concentrates the largest number of proptech companies, with 709 companies out of a total of 4,100 located on the continent. They are followed by Germany, with 609 companies, and Spain, which has a total of 536 companies belonging to this sector.
Proptech (acronym for property technology) has become an “essential” activity for the purchase, sale and rental of assets, construction processes, financing, design, maintenance or management of commercial or residential assets. In fact, the companies in this sector have as their main activity the use of technology to improve or reinvent any service in the real estate sector.
According to the study by Deloitte and API, the proptech sector will continue to grow in 2022, marked by a growing digitization of the economy and an increase in demand. In Spain, these companies focus on the residential sector and the technologies that can be applied to it, unlike other Eastern European countries, which focus on the office sector.
On the other hand, some of the trends that are already being seen and are expected to continue to grow are the use of new technologies to achieve energy optimization of buildings, the improvement of the user experience (implantation of omnichannel, integrated apps, virtual visualization of assets ) and the process of selling assets in a short period of time.
