Based on volumes, characteristics and trends, we have divided the main players of this report into five geographical areas; Nordic countries, British Isles, Central Europe, Eastern Europe and Southern Europe.
For reasons such as the existence of an established entrepreneurial ecosystem, a long-established tradition around the real estate sector and a high investment capacity, it is the British Isles region that leads the way in European real estate entrepreneurship.
Meanwhile, Central and Eastern European regions are perhaps the most focused on the development of disruptive technologies with a focus on the office vertical with 65% of their startups being able to be applied in this vertical, more particularly in Architecture and Project Management services.
Southern Europe regions shows young startups with a high focus on the residential vertical and the technologies surrounding it (Big Data, AI & Machine Learning, Virtual and Augmented Reality or Chatbot). Surprisingly, contrary to what their local economies linked to tourism indicate, the hotel vertical still shows signs of low exploitation in terms of PropTech innovation, with 36% of startups with potential application to this sector.
“THE FURTHER NORTH, MORE FUNDING AVAILABLE”
Is it true that depending on the startup’s origin, it has more or less chances of receiving funding? According to our data, it seems so. The analysis would leave no room for doubt when looking at areas such as the British Isles or the Nordic countries, where we see that between 40% and 50% of startups tend to be supported in financing rounds by Venture Capital funds. In Southern Europe, on the other hand, this ratio is reduced to one in five startups.
CBRE PropTech Team