Confidence in the proptech market has surged back at the start of the year. After a lull from the start of the pandemic, both capital investors and start-ups are reporting a renewed confidence in the market, according to the newly released Global Proptech Confidence Survey from MetaProp. The survey shows that investor confidence is 9.2 out of 10, while start-up confidence is 7.7 out of 10, the highest level recorded to date.

The renewed confidence is largely due to accelerated technology adoption during the pandemic and high-profile tech transactions, including Airbnb’s long awaited IPO, successful SPAC deals for Porch and Opendoor, the debut of a dozen new proptech-focused SPACs, and ThomaBravo’s acquisition of Realpage and CoStar’s acquisition of Homesnap, according to the report. On the start-up side, the accelerated tech adoption has created new opportunities for tech penetration in the market. This should lead to increased M&A and SPAC activity in the sector this year.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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