March 18, 2021 – The commercial real estate industry has seen its share of challenges since the COVID-19 pandemic hit the United States, but at least one facet of CRE, property technology (PropTech), looks to be “firing on all cylinders”, according to the MetaProp Global PropTech Confidence Index, which the PropTech venture capital firm MetaProp publishes.
The latest edition of bi-annual report, which a provides unique and in-depth insight into the health of the real estate tech market and offers perspective from PropTech investors and startup founders worldwide, recently reviewed the second half of 2020 and noted investor confidence is quite high.
The Global PropTech Investor Confidence Index score reached 9.2 out of 10; an increase from the 8.8 score recorded in mid-2019. Surprisingly, the COVID-19 pandemic helped elevate PropTech because technologies were not only adopted, but also put to use faster than normal, which investors noticed. The Confidence Index also noted that PropTech startup founders feel good about where the industry is, too. The index hit a record high of 7.7 out of 10. The better investors feel about the PropTech marketplace, the more they were willing to invest during the latter half of 2020. In turn, the increased investment dollars instilled more confidence in the startup founders who benefitted from the additional capital.
Read more at source | Connected Real Estate Magazine