Real Estate Tech Market Headed for a Surge

Block: “Founders and investors expect that the real estate tech market will grow more competitive during 2016.”

NEW YORK CITY—MetaProp NYC has created an index measuring the health of the real estate technology market from the perspective of active real estate technology investors and startup founders worldwide. The initial results of the Global Real Estate Tech Confidence Index were positive.

“We found that 90% of investors intend to make either the same amount of investments as last year or more in 2016,” reports MetaProp NYC co-founder and managing director Aaron Block. “Founders and investors expect that the real estate tech market will grow more competitive during 2016, with more startups chasing a larger pool of venture capital funding. We also see indications that the market is continuing to expand across asset types, with 40% of startups disrupting multiple asset types and about a third of investors expressing interest in technologies focused on multi-use, leisure, and others.”