Investment in real estate tech falls 38% in 2022

One year ago, the proptech market eagerly awaited another 12 months of high investment and adoption. Now, facing economic jitters and tightening purse strings, the sector is coming to terms with a gloomier outlook – alongside continued optimism.

A little over half a year since launching its APAC business in Singapore, the digital connectivity ratings business has opened a second regional office in Hong Kong.

As funding for proptech startups slows to a trickle, ideas that will help the built environment transition to green energy still entice otherwise wary investors.

Pursue simple ideas that have a tangible and immediate impact on users rather than think about “big grand ideas”, speakers argued on the first day of Propel by MIPIM NYC.

The business of using algorithms to quickly buy and sell homes has suffered another setback as volatility in US house prices exposed one of the sector’s biggest players to substantial losses.

Amid widespread expectations that an economic crisis is imminent, business leaders are opting for flexible workspaces and leases to avoid lengthy contracts.

The company’s windows, which reduce a building’s energy use by adjusting to sunlight, are one building technology to benefit from the recent Inflation Reduction Act in the US.

Just 16% of respondents in a global survey on green investment identified real estate as an area of focus for their organisation.

From a net zero zone in Cannes to insightful closed-door events, Lauriane Halle has big plans for MIPIM’s tech programme.