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Tuesday, November 29, 2022

Proptech Register Growing Investments

The proptech sector recorded a total investment of 12 thousand 050 million dollars worldwide. The funds were collected from 1,809 investors in 2,045 companies in the sector operating in 66 countries.

According to the ESCP Business School report ‘Global Proptech Trends 2021’, companies are divided into four major categories: Business of investment, construction, management and housing.

The proptech sector report corresponds to the period between July 1, 2020 and June 30, 2021.

There are 350 proptechs in Latin America. Of these companies, 53% are focused on commercial real estate, 45% on residential and 2% on retail, according to a newsmillenium.com publication.

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For its part, the Inter-American Development Bank (IDB) noted That Mexico is the country where most real estate startups operate in the region.

In the country, 77 proptech startups operate above Brazil, where 66 operate and Colombia, which has 51 platforms in operation, the bank noted in its study ‘Proptech in Latin America and the Caribbean’.

This interest is due to the fact that the country is seen as a strategic point for the internationalization of Latin American and Caribbean (LAC) platforms.Especially in Spanish speaking countries.

In another publication, L’Economista noted that it takes an average of 360 days to finalize the sale of a property in the LAC and 90 days to obtain a mortgage loan, thereby disrupting the process of the industry.

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