The report analyses the state of the Bulgarian proptech market: how solutions meet international market criteria for competitiveness; how resilient they are; how innovative their business models are; and where the free market niches lie.
Last year’s report was downloaded by more than 20 countries. This year’s report has already surpassed this with readership in 30 countries. European PropTech companies in particular are exploring other geographical markets for further expansion, with Germany, the UK and Belgium showing the highest interest. This supports a trend we have seen in which proptech firms are increasingly looking for ways to expand and go beyond their home market as a way to secure growth post-crisis.
What are the key findings?
Click to expand the below infographic
25% of Bulgarian proptech companies produce a contech solution
38% cover two or more proptech areas, mostly both market and transaction, and management and operation. This is slightly higher than the rest of Europe (33%)
56% are boot-strapped i.e. they have started the business using their own funds. This is 26% higher than the rest of Europer, in part indicative of more external financial support available to proptech firms in Europe.
69% operate within Bulgaria only. This is far higher in European countries outside of Bulgaria, 18% of which operate within their national boundaries only.
For more information about the Bulgarian market, you can download the report free of charge here: http://proptechbulgaria.eu/bulgaria-proptech-mapping-report-2020/
- EU PropTech House – The European Alliance of National PropTech Hubs
- Unissu, UK
- FUTURE PropTech, London
- Pi Labs, London
- NEXTFLOOR Venture Capital Services, Austria
- Ruttensteiner Consulting, Austria.
Strategic Partners in Bulgaria:
- TEZ – Trakia Economic Zone
- BBBA – British-Bulgarian Business Association