www.business-review.eu Business Review | October 2020
20 ENTREPRENEURSHIP
Proptech startups making their way into Romanian real estate market Startups providing innovative technology keep emerging on the Romanian real estate market, whose investment potential could go north of EUR 1 billion per year. Proptechs can help developers sell their properties more quickly and aid Romanians in renting or buying a home. By Ovidiu Posirca
Right now, there are few proptech solutions on the Romanian market
G
lobally, proptech startups have
5.3 billion, already lower than last year due to
the interaction of multiple parties, including
raised over USD 43 billion since 2012,
the ongoing coronavirus pandemic, accord-
state institutions,� says Vladimir Aninoiu,
according to a Deloitte study. The
ing to data by CB Insights.
technology director within the consulting
future of the proptech sector is promising,
“We are probably seeing a limited number
practice at professional services firm Deloitte Romania.
considering that the field has the same fund-
of such firms in the Romanian economy
ing size as the fintech sector did in 2013, hav-
because the return on investment and profit
ing registered a compound annual growth
margins are limited. Another factor influenc-
rate of 44.8 percent since then.
ing the number of startups in the property
TECH-ENABLED STEADY GROWTH FOR COMMERCIAL REAL ESTATE
sector is that the process of acquiring or
Having just entered the local property mar-
selling properties is complicated and involves
ket, Czech startup Realpad has already inked
In the first eight months of 2020, funding to real estate tech companies reached USD
