PropTech 2020 The Future of Real Estate

PropTech 2020 aäbcdefghijklmnoöpqrsthefutureofproptechijk aäbcdefghijklmnoöpqrsmartcontractstuüvwxyza aäbcdefghijklmnoöpqrstuüvwefixituüvwxyzaäbc aäbcrowdfundingplatformnoöpqrstuüvwxyzaäbcd aäbcrowdinvestinghijklmnoöpqrstuüvwxyzaäbcd aäbcdefghijklmnoöpqrstuüvaluationinrealtime aäbcdefghijklmnoöpqrsthefutureofrealestatef aäbcdefghijklmnoöpqreducingthevacancyratefg aäbcryptocurrencyaspaymentuüvwxyzaäbcdefghi aäbcdefghijklmnoöpqrsomethingvaluablefghijk aäbcdefghijklmarketcorrectionwillcomefghijk aäbcdefghijklmnoöpqrsmartconnectinghijklmno aäbcdefghijklmnoöpqrstuüvwhatisinnovationoö aäbcdefghijklmnoöpqrstheibuyingplatformnoöp aäbcdefghijklmoneydiedlavivablockchainoöpqr aäbcdefghijklmnoöpropertysearchijklmnoöpqrs aäbcdefghijklmoöproptechfintechcommonpathst aäbcdefghijklmnoöpqrsunderstandingofcrisist aäbcdefghijklmnoöpqrentalplatformnoöpqrstuü aäbcdefghijklmnoöproptechswitzerlandefghijk

PropTech Switzerland

PropTech 2020 The Future begins today

1st Edition

Languages: English German

Published by PropTech Switzerland

I

Preface

RELEASING THE SWISS PROPTECH BOOK : PROPTECH 2020

We are pleased to present the 1st edition of the Swiss PropTech Book: PropTech 2020. The special theme for this edition is PropTech Business Ideas and Distributed Ledger Technology - The Future of Real Estate Innovation in Switzerland.

Over the last twenty years after the common use of Internet, improvements in real estate industry have prompted a sustained increase in smart living, smart investing and smart property management in the quality of real estate management, resulting in substantial contributions to economic growth.

Property Technology (PropTech) has largely contributed to this progress. As we look into the future, new technologies and technological innovations will likely continue to enrich the provision of real estate at a rapid pace. Big Data, Artificial intelligence, Virtual Reality & 3D, Smart Buildings, Internet of Things, Drones, Automated Valuation Models and mobile applications will open the new doors to improved real estate industry. Likewise, novelties such as the payment of rent with cryptocurrencies, online valuation and chat bots between tenants and landlords and rental house without caution have potential for real estate agencies and property management companies.

In addition to the theme, and from now every year, the PropTech Switzerland follow and analyzes innovation trends and the performance of approximately more than 150 companies. The PropTech Switzerland has fostered national innovation strategies and debates on innovation in three main ways; - First, the PropTech Switzerland helps place innovation firmly on the map for players, in particular for real estate economies.

- Second, the PropTech Switzerland allows companies to assess the relative performance of their innovation system. A significant number of companies work hard to unpack to define innovation in their business and to analyze their innovation strengths and weaknesses. These findings then inform innovation policies and actions.

- Third, the PropTech Switzerland provides a strong impetus for companies to collect fitting innovation metrics.

For this 1st edition, we thank all swiss companies for their tolerance to present them. Likewise, we recognize the contributions of the advisors and board members. This edition was written without sponsors and advertising.

II

Foreword PROPTECH SWITZERLAND Everything began with our own project. We wanted to build a analytics tool for investment properties (residential and commercial).

At first we must have to analysis swiss real estate market and look for innovative solutions in property technology all around the world. Every Swiss PropTech companies has been registered and studied the business models. After a few months we had had a lot of information about swiss and international PropTech startups and companies.

The question was; What we can do with these informations. Delete? or keep it?

Natural the data did not deleted. Our Team decided to public all informations to support another PropTech Startups in Switzerland. That’s why PropTech Switzerland Platform was built. If you share your experiences with others, your business will grow too.

For PropTech Switzerland we did the market research again, looked for the players and newcomers, studies business models and released on our digital platform. However the another PropTech platforms and studies have been analysed to define PropTech, the criteria of property technology and PropTech categories. At the End we decided to write the SWISS VERSION. There are nine Swiss PropTech categories with the definition and the features. And also there are about 10 criteria's. But it is not closed. We are still studying them.

PropTech Switzerland has launched on 01. July 2018. We tried a lot of things and changed too. We did something good and also wrong. But never stop to learning. At the future we will continue to learn from our success and unsuccess.

We did not come to world to find the answers, but to ask the questions. Only curiosity or trying or stupidity! Best with all together we succeed in setting a sign. We hope to leave a light sign as well.

Proptech is reshaping the real estate industry in many ways and offers plenty of opportunities for real estate professionals. That’s why we will continue build our community in next years.

PropTech Switzerland Team

III

Why Alphabet as Cover?

As you know the digitization came to in real estate industry very late.

Actually we are living PropTech booms since 2003. Nowadays there are more than 150 Startups in Switzerland and about 3.500 Startups all around the Europe.

As PropTech Switzerland Ecosystem we are new kids on the block. The Booms has just started after late 2015. Between 2015 and 2019 more than 100 Startups are founded in switzerland. We realized PropTech 1.0, 2.0 and 3.0 early but we could not translate them early too. Swiss PropTech Startups are living and doing the digital innovation at the same time. We are very fast but it’s just learning age for us. Because of these reasons PropTech Switzerland choses the alphabet as cover. If you follow the alphabet, you find the titles of topics.

FinTech has an important impact in real estate. Blockchain, tokenization, cryptocurrency are not foreign words anymore. And They started to change something in real estate industry. But there a lot of to do or change. New Digital Banks, house buying with cryptocurrency and smart contracts as new agreements will disrupt the real estate. That’s why we wanted symbolize this development with symbols. They are 40 boxes and symbolize year 2020 as blockchain.

IV

What do you expect from this book or not This book is intended for anyone interested in the innovation of real estate industry. It explores the impact of technology on all categories—from marketplace, investment, property management, construction, smart buildings, virtual reality, big data analytics, valuation models to real estate fintech. Its insights are relevant for PropTech developers and those who work with or use real estate. It can also guide the efforts of real Startups, who are making their first steps into the industry.

The goal of this book is threefold: 1. to Introducing the Swiss PropTech Ecosystem and players 2. to provide the reader with a solid understanding of the digital transformation in real estate industry and the market analysis 3. to get to know and realize the history of the Swiss PropTech evolution The book is based on two years of research and over 1.000 coffee’s. We sacrificed our free times. Any errors or opinions remain exclusively the author’s.

This book is not a investment guide or a magic solution. It is neither an exhaustive list of every PropTech startups or innovation, nor is it a recommendation to adopt a specific solution or investment thesis. Instead, this book aims to equip the reader with insights and a frame of reference that would allow her or him to understand and evaluate new solutions in the market with confidence. Importantly, the book introduces a way of thinking about the evolution of real estate that encourages and enables readers to continue to grow their own expertise in PropTech industry.

Its not a detailed research of property technologies in the world and also in Switzerland. But “The PropTech Innovation Report” (which published by PropTech Switzerland) will analysis and present the new solutions and business models quarterly.

V

Copyright

The Swiss PropTech Book: Creating The PropTech 2020.

Copyright © 2020 by PropTech Switzerland All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the PropTech Switzerland, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law.

The report and any opinions expressed in this publication are the sole responsibility of the authors. They do not purport to reflect the opinions or views of PropTech Switzerland Members or the PropTech Switzerland management.

When content, such as an image, graphic, data, trademark, or logo, is attributed to a third party, the user is solely responsible for clearing the rights with the right holders.

For permission requests, write to the PropTech Switzerland, addressed “Attention: Permissions Coordinator,” at the address below.

PropTech Switzerland Deniz Karahan Solothurnstrasse 16 2543 Lengnau, Switzerland www.proptechswitzerland.com Ordering Information: Quantity sales. Special discounts are available on quantity purchases by corporations, associations, and others. For details, contact the publisher at the address above.

Orders by PropTech Switzerland. Please contact: info@proptechswitzerland.com or visit www.proptechswitzerland.com.

Suggested citation: Katharina Clavel and Deniz Karahan, PropTech Switzerland Created in Bern, Switzerland, by PropTech Switzerland.

Cover design by Tayland Karahan

VI

Chapters

Foreword & Contents

I–V

Key Findings

1 – 10

Chapter 1: The Future of PropTech (Themes)

11 – 53

Chapter 2: Statistics

54 – 118

Chapter 3: Swiss PropTech Directory

119 – 307

1 – 1 Content

Contents Preface: Releasing the Swiss PropTech Book: PropTech 2020 Foreword: PropTech Switzerland Why Alphabet as Cover What do you expect from this book or not Copyright Chapters

I II III IV V VI

Key Findings Figure A Figure B Figure C The importance of PropTech Build an Ecosystem Venture Capital

1 – 10 2 3 4 5–7 8–9 10

Chapter 1: The Future of PropTech (Themes) What is innovation and Where does it come from The iBuying Platforms Digital Rental Platforms Rent without deposit and reducing the vacancy rate Voice-activated property search Automated house visiting We fix it Crowdfunding Platforms for developers and investors The marketplace for Crowdinvesting The bidding process in real estate market Flat-Fee or Commission Smart connecting Smart Home & IoT The availability of data in real estate industry Automated Valuation Models Healthy and green office spaces are the future of Smart Buildings The Future of real estate: Big Data Analytics Virtual Reality – Augmented Reality – 3D PropTech & FinTech common paths Money died la viva blockchain Smart contracts and cryptocurrency as payment Market correction will come Understanding of the crises What makes real estate valuable Ignoranz als Innovationskiller What will happen between 2020 – 2023

11 – 53 12 – 14 15 – 16 17 18 – 20 21 22 23 24 – 25 26 27 – 28 29 30 31 – 32 33 – 34 35 – 36 37 – 38 39 40 – 41 42 43 – 44 45 46 47 48 – 49 50 – 51 52 - 53

Chapter 2: Statistics Swiss PropTech Map Companies in Sector Marketplace Investment Property Management Construction Smart Buildings & IoT Virtual Reality & 3D Big Data Analytics Valuation Model Real Estate FinTech 25 Year PropTech Spin-off Founding 1995 – 2019

54 – 118 55 – 56 57 – 58 59 – 63 64 65 66 67 68 69 70 71 72 – 76 77 – 78

1 – 2 Content Digitization has just happened Founding in last 5 years PropTech Categories We are PropTech Founders & Board Members Employees New job titles in real estate industry PropTech Chart Cantons Geographic Distribution of the companies Financing Rounds Swiss & FL Ventures and Crowdfunding Platforms European PropTech Chart Women in PropTech Newcomer 2019

79 80 81 82 83 84 85 86 87 88 – 98 99 – 101 102 – 103 104 – 105 106 – 111 112 – 118

Chapter 3: Swiss PropTech Directory Why this directory created Marketplace Features Map Companies Investment Features Map Companies Property Management Features Definition of Property Management Map Companies Geolocation Construction Features Map Companies Smart Buildings & IoT Features Map Companies Virtual Reality & 3D Features Map Companies Big Data Analytics Features Map Companies Valuation Model Features Map Companies Real Estate Fintech Features Map Companies

119 – 307 120 121 122 123 124 – 149 150 151 152 153 – 164 165 166 167 168 169 - 193 194 195 196 – 197 198 199 – 229 230 231 232 233 – 245 246 247 248 249 – 266 267 268 269 270 – 284 285 286 287 288 – 292 293 294 295 296 – 307

Sources & Appendix Contributors to the Book

308 – 311 312