MetaProp NYC, the world’s premier real estate technology nexus and early stage PropTech accelerator, announced today the results of its Q4 2017 Global PropTech Confidence Index©. The survey found that PropTech is growing quickly around the world, with an all-time high of 48% of startup CEO survey respondents headquartered outside the United States, up from 30% in Q2 2017. Overall, the respondents remain highly positive, with the Investors’ Index at 8.0, down from 8.3 in Q2, and Startup CEOs’ Index at 7.2, down from 7.3 The Q2 indexes were all-time highs in the survey.

As real estate technology grows around the world, the competition for funding should increase significantly in the coming year, as 76% of investors responding to the survey say they are expecting to see more pitches from PropTech companies in 2018, compared to 2017, up from 62% in the Q2 2017 Confidence Index.

“PropTech growth is escalating rapidly around the world, particularly in Europe, with Asia not far behind,” said MetaProp NYC Co-Founder and Managing Director Aaron Block. “As startups and legacy real estate corporations aggressively ramp up in those regions, US real estate companies are in danger of falling behind this global competition for talent, funding and innovation.

“It’s also important to note that despite the overall continued confidence, enthusiasm and growth in real estate technology, we are seeing startups having greater difficulty in obtaining early stage funding, as PropTech is following what Fred Wilson and TechCrunch recently identified as a macro-trend slump in pre-seed and seed global tech investment.”

The Global PropTech Confidence Index© is a unique barometer of the real estate tech market’s health from the perspective of the most active PropTech Investors and startup CEO/Founders around the world.

Among the Q4 2017 Global PropTech Confidence Index© Index highlights:

• Respondents to the survey increased by 175% from Q2 2017 to Q4 2017.
• 86% of PropTech startup CEOs expect their space to be more competitive in 2018, compared to 2017, up from 76% in Q2 2017.
• 76% of investors are expecting to see more pitches from PropTech companies in 2018, compared to 2017, up from 62% in Q2 2017.
• 31% of investors are making investments past the Series A level, up from 19% in Q2 2017.
• 48% of startup CEO survey respondents are headquartered outside the United States, an all-time high, up from 30% in Q2 2017.
• 29% of PropTech CEOs expect that raising venture capital will be easier in 2018, compared to 2017, a decrease from 41% in Q2 2017.

The survey was designed in collaboration with the Real Estate Board of New York (REBNY) and the Royal Institution of Chartered Surveyors (RICS), based on industry leading standards for sentiment analysis, based on a purposive sample of active investors and startups in real estate technology. The Index is based on responses to four sentiment questions about future market expectations and has a range of zero to 10. An Index above five indicates that respondents are confident in the market; more responded positive than negative to the survey questions. An Index below five indicates that respondents are not confident in the market; more responded negative than positive to the survey questions. An Index of five indicates that the positive and negative responses were equal.

The full report can be found here: http://www.metaprop.org/confidence-index.

ICYMI:

The 2018 MetaProp Bridge @ Columbia University

Welcome to the world’s first International PropTech accelerator program. The Bridge takes the best of the NYC-based growth accelerator programming to offer European PropTech startups a gateway into North American markets. We focus on growth to pair high potential international startups with award winning investors, enthusiast mentors and diverse real estate, technology and institutional partners.

About MetaProp NYC
MetaProp NYC is the world’s premier real estate technology nexus. Based in the heart of Manhattan’s Silicon Alley, the 22-week MetaProp Accelerator @ Columbia University, the 20-week international MetaProp Bridge @ Columbia University and 8-week MetaProp Pre-Accelerator at Columbia University are the leading programs for high growth PropTech startups. Each year, up to 25 of the best technology driven real estate industry ideas are selected to participate in intensive education, mentorship and growth hacking programs, culminating in exclusive Graduation Defense panels and Road Show Demo Days for partners, investors, VCs and media. Founded in 2015, the accelerator boasts 100+ mentors, 10 renowned corporate partners and widespread media coverage from the Wall Street Journal, The New York Times, Forbes, TechCrunch, Inman, EG, Nikkei, and more. MetaProp NYC's team and strategic seed stage funds have invested in 70+ technology companies across the real estate value chain. The companies have raised more than $2 billion and employ 1,500+ people globally. MetaProp Advisors provides strategic advisory services, growth consulting, communications, event management and market research for real estate companies that are serious about innovation. In addition, MetaProp Advisors produces New York City Real Estate Tech Week and publishes the Global PropTech Confidence Index.

About The Real Estate Board of New York
The Real Estate Board of New York is the City’s leading real estate trade association with more than 17,000 members. REBNY represents major commercial and residential property owners and builders, brokers and managers, banks, financial service companies, utilities, attorneys, architects, contractors and other individuals and institutions professionally interested in the city’s real estate. REBNY is involved in crucial municipal matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes and legislation. In addition, REBNY publishes reports providing indicators of market prices for both the residential and commercial sectors. Please visit us online at www.REBNY.com.

About RICS
RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve. We accredit 118,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all.