Top 10 Proptech companies aiming to change the property marketTechnology is giving markets and sectors new tools to improve their services by removing inefficiencies, cutting costs and offering green solutions
Proptech is leading new ways for property management, short-stay, tenancy, workspace design and estate agency to be conducted.
Some of the Proptech companies on this list are incredibly ambitious about how data, AI, blockchain and cloud-based solutions can transform the property sector.
Optix was founded in 2012 and provides workspace customisation and third party integration to make co-working spaces match a business’s specifications.
Its services come with a fully customisable iOS and app that can be used to alter and manage spaces by staff members, tenants and employees.
Optix runs a monthly subscription payment structure that is measured by the number of users and locations a business has, offering businesses a flexible payment model.
The company has been received positively by users, who are offered extensive customer service support and cloud-based IT solutions taking the departmental burden off individual businesses.
Locale offers integrated property management services which gives the owner and occupants seamless communication options while incorporating pre-existing processes and practices of property maintenance into its platform.
A landlord receives regular updates, reports, requests and communications through Locale’s building management app and online portal.
The company is heavily focused on providing well-trained and helpful customer support, which is led to the usage of its services by residential, commercial, mixed-Use, retail and industrial sectors and companies such as MAPP, The Shard, BNP Paribas, CBRE, Cushman & Wakefield.
Coadjute is a London based company founded in 2018. It specialises in technology similar to blockchain it allows different areas of the property sector to work together through data sharing and decentralised workflow initiatives.
The company has successfully condensed down lengthy property buying processes so much so, that users can now make purchases via an app.
Teaming up with housing associations Coadjute is also using its PropTech infrastructure to help improve safety, standards and accountability of housebuilding projects.
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4. Qualis Flow
Qualis Flow is a company committed to the digital transformation of the property sector, in fact, co-founder, Brittany Harris, was selected for a role on an expert advisory council dedicated to just that.
It looks to create smart construction sites with the aim of cutting costs, wasteful expenditure and minimalising the environmental impact of construction projects.
The environmental risk platform uses data collected from sites in order to assess and report on what damage might be done and how this can be prevented or reduced.
According to Qflows website, all that is required of workers is to open Qflow smartphone app, snap a picture of a Waste Transfer Note or Hazardous Waste Consignment Note, and allow it’s data tracking service to do the rest.
3DUniversum is a specialist in virtual 3D modeling, 3D printing and scanning. It has particularly useful applications for the property market, offering 360 panoramas of rooms quickly and cheaply with very little equipment required.
The company was set up by scientists and academics that are experts on AI, deep learning, machine learning and AI R&D.
This means that the 3DUniversum is constantly evolving and developing better AI led solutions for businesses as well are better image processing and computer vision.
TOWER360 looks to streamline commercial property processes, simplifying it for business and consumers, creating a singularity based on the company’s platform.
Similar to Coadjute is uses data sharing and workflow to improve efficiency and agility of property deals. Its main focus is on making its software easy to integrate with already existing data structures and platforms.
Powered by the Microsoft Azure cloud platform, TOWER360 combines disparate data sources into one big data lake, while microservices architecture allows clients to customize their workflows and generate analytics.
Brickblock aims to expand real estate investment opportunities while using blockchain to simplify, cheapen and speed up the process.
It is also using blockchain to widen the investment pool to global proportions making it the conduit for a massive network of investors.
Blockchain technology is far more secure than previous online investment methods, and Brickblock’s legal and technological expertise provides investors with a safe and compliant framework.
Vreasy is a platform that caters to vacation rentals, handling bookings, staff duties, enquiries, owners and guest services on one centralised management system.
It has integrated APIs with other major holiday letting portals such as Airbnb, Homeaway, Bookings.com and Trip Advisor.
Vreasy uses a smart calendar that makes operating, navigating and dealing with bookings simpler, and have a report system that helps users with customer feedback.
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HomeViews is a reviewing platform for properties, developments and locations. Its services could be described as akin to TripAdvisor but for the property sector. It uses in-depth descriptions, visual signifiers and photographs to give viewers more information about their potential housing purchases.
The platform askes tenants and owners to give honest reviews which creates a stronger research and marketing tool for PropTech companies and real estate firms.
HomeViews its release nationwide began last September and now boasts over 9000 reviews for 900 developments across the UK
Houzen‘s aim is to enhance revenue in various different sectors using data tracking, algorithmic analysis and its development data lab solutions.
It offers bespoke packages and on-demand reports all to help instantly match tenants with landlords. The aim of the company is to create a tenant-landlord stock exchange, where speed is the key. Landlords have the opportunity to use the platform to reduce lost revenue by waiting for empty spaces to be filled, by renting in real-time.
Collecting data on what tenant’s payment thresholds are means the PropTech company can give landlords a clear idea of what rates will attract occupants.