PropTech is shaking up real estate at a rapid speed. Discover some of the most progressive and innovative companies in the field.
Inefficiencies and dated processes exist in all industries, including real estate. However, there’s no shortage of innovative ideas in real estate.
PropTech has been around in some form for a while. But it wasn’t until fairly recently that technological advances showed the potential to become game-changers. And today, we have new solutions for just about any activities in the real estate market.
But, who is facilitating such momentous changes?
Take a look at the top 10 PropTech companies that you should know about:
The process of buying a home has been the same for decades now. It’s safe to say that changes are long overdue.
And then came Yourkeys to give the market what it needed. Namely, the company released a platform that lets people purchase a home online. There are 64 steps to this, and they are 100% digitised.
Better yet, buyers can do their due diligence in minutes, as opposed to hours or days. The whole buying process becomes much smoother and more effortless with the help of the platform.
Brikcoin demonstrates the usefulness of blockchain technology. It’s an asset-backed token initially created to solve the UK’s property crisis.
The company’s goal is to acquire, redevelop, and build properties to create affordable housing. The best part is that the tokens come at a fraction of typical property investment costs. They’re designed in such a way that more people can join and contribute to solving the affordability issue.
Co-working spaces are still a hot trend – investors and developers have had wild successes with it. And Optix can further contribute to this.
The platform allows for comprehensive office customisation to match any business’ needs. Users can alter spaces by employees, tenants, and staff members. So far, the user experiences have been overwhelmingly positive, making Optix a company worth keeping an eye on.
HomeViews is another UK innovator that’s changing the real estate market. It encourages tenants and owners to share their honest experiences with residential developments.
Not only can HomeViews serve as a powerful research tool, but developers can also use it for marketing purposes. The platform is growing all the time and it now encompasses over 900 developments.
Property management can be quite taxing, especially if you have to manage many tenants. And hiring a property manager might not always be a financially sound decision.
This is why Locale offers integrated management services that make the process more seamless. Owners can communicate with tenants with great ease and leverage the software’s pre-build management processes.
The company offers both an app and an online platform, both of which feature many handy tools. Landlords can stay up-to-date with everything that’s happening in their property wherever they are.
3DUniversum specialises in 3D printing, scanning, and modelling. For the property sector, it offers the valuable service of creating 360-degree panoramas of rooms. This allows buyers and tenants to truly get a feel of the property.
Plus, the service is rather quick and affordable, and it requires minimal equipment. It also leverages deep learning, AI, and other cutting-edge techs to constantly improve and take the service to the next level.
Equiem is mainly geared towards commercial landlords. The Melbourne-based company helps landlords find and retain high-quality tenants and streamline communication. On top of this, Equiem helps owners maximise their onsite and retail services.
What sets Equiem apart is the comprehensive tracking features. Owners can track various things, like space bookings, event engagement, e-commerce metrics. Ultimately, the platform can help landlords explore the fullest potential of their property.
Development appraisals and feasibility reports can be exceedingly time-consuming. This is yet another task that called out for the support of PropTech. Appraised has since answered the call, the first cloud-based platform that offers fast appraisals on any device.
Generally speaking, it takes up to two hours to complete a feasibility report and appraisal. Appraised brings that down to 10 minutes.
Vacancy-related revenue losses have always been a major property investment risk. Interestingly, Houzen wants to put a stop to this.
It uses data tracking and algorithmic analysis to match tenants and landlords in real-time. The ultimate goal is to create an environment similar to the stock exchange, with speed as the main focus.
Landlords can then rent in real-time and track various tenant data, which allows them to maximise their profits.
Almost as soon as it first showed up, Archistar quickly revolutionised the property development process. From robust planning and property data to a generative design engine, it offers many features invaluable to potential developers.
Archistar can minimise the time necessary to perform due diligence, feasibility, and other dry tasks. It also helps developers find the most profitable sites, which can supercharge all the efforts.
Developers can also make accurate projections of a development’s potential in a matter of seconds, rather than hours. All in all, the use of Archistar can move development projects along without a hitch.
Leverage PropTech to Reach Your Full Potential
Investors and developers should always be up to date with the latest technological developments. It’s a great way to find the most effective solutions to some of the most pressing issues.
As you can see, the world of real estate is teeming with innovators. Most likely, we can expect many more significant changes in the future.
In this regard, Archistar is proud to be at the forefront of the PropTech revolution that will take place in the 2020s. The platform is getting adopted at a rapid speed for its advanced capabilities.
Are you interested in seeing how Archistar performs in practice? You can if you schedule a free demo today.