The formation of the proptech ecosystem in Spain began only 6 years ago. At that time, there were only about 50 startups involved in the development of the technological equipment of the country's real estate market. Over the years, a lot has changed both in Spain itself and in the European real estate market, with which it is closely connected.
According to the Mapaproptech portal, there are currently 514 proptech companies in Spain, and according to «Proptech in Europe» report published in August 2021 by Unissu, Spain was the third country in Europe in terms of the number of proptech companies after the UK and France - 825 and 547 organizations, respectively.
Unlatch is one of such proptech companies actively developing the Spanish real estate market. Its innovative solutions are primarily dedicated to accelerating, simplifying and overall digitalization of the entire process of buying new real estate on the local market. The platform brings together developers, real estate agents, marketers, lawyers and buyers themselves.
The company was founded in 2018 and today has its representative offices in France, Great Britain, Belgium, Luxembourg and Portugal. In 2021, it finally appeared in Spain. In total, more than 100,000 real estate objects are under its management in these countries.
Through its own CRM module, the company automatically receives leads from real estate portals and websites, thereby facilitating the management of real estate sales and the execution of all necessary documents in electronic form, as well as improving relations with customers and their experience of buying real estate.
Since 2018, this proptech company has completed about 3,200 promotions, sold more than 25,000 properties and established cooperation with more than 400 developers. And with the help of AXA Venture Partners, they entered the Spanish market with an investment of 5 million euros.
Unlatch is not the only promising company in the Spanish real estate market. Among the leaders of this market segment engaged in customer support and establishing effective relationships between market participants, including banks, you can find Colibid.
This company has set itself an ambitious goal to revolutionize the real estate market by focusing on the development of technological solutions that provoke increased competition between banks on the market. This, in turn, will force the banks themselves to compete for the attention of buyers and, ultimately, it will be beneficial to the latter.
Alexander Almengor Uribe, Technical Director and co-founder of Colibid, points out: «Clients register on our platform and their profile becomes available to all our partners - brokers and banks operating in Spain. Then a three-day auction begins, at which their mortgage offers are put up, from which customers choose». This startup has been operating since January 2022 and has already been able to process mortgage applications, totaling 1.2 billion euros.
