3. Statistics

8.ValuationModel

Valuationisoneofthemostimportantpartsoftherealestateindustry.Withoutvaluation we cannot determine the value of properties and the worth of rents. Because of that reason, the valuation model is as PropTech sector defined. It cannot belong to any other sectorsorbedefinedaspartofanysectorsinthePropTechmarket.

Property valuation is an integral part of the housing industry that is long overdue for improvement in various ways. Automated Valuation Model is a mathematical or artificial intelligence-based computer software that can predict residential property prices based on the housing characteristics. The prediction accuracy of an AVM depends on the available data and the backbone calculation mechanism within an AVM. AVMs are characterised by the use and application of statistical and artificial intelligence techniques.

Automated valuation models (AVMs) are mathematical models, which, together with appropriate computer software and databases of property information, are used to provide real estate valuations. AVMs are categorized into at least five types. These are hedonic models, econometric forecasts, ‘intelligent’ systems, house price index models andtax-assessedvaluemodels.

There are 4 companies which are operative in the property management sector. They offer 17servicesand22products.The businessareasare:AVMs,classicvaluation models, datatrading,analytics,platformasaservice,softwareasaserviceandconsulting.

SwissPropTechcompaniesinthevaluationmodelsector;

Source: PropTech Academy, PropTech Switzerland, 2021

9.RealEstate FinTech

Real Estate FinTech describes technology-based solutions which facilitate the trading of real estate assets. The platforms may simply provide information for prospective buyers and sellers, or they may more directly facilitate or effect transactions of asset ownership orleaseswithacapitalvalue.Thissectorsupportstherealestatecapitalmarkets.

There are 10 companies which are operative in the property management sector. They offer 16 services and 1 product. The business areas are credit trading, brokerage, blockchain,lending,debtcollectionandconsulting.

SwissPropTechcompaniesintherealestateFinTechsector;

Source: PropTech Academy, PropTech Switzerland, 2021