All analytical calculations in the Report are as per 01.02.2023

The reason to undertake releasing this thourough research is to see clearly with a plain eye how zooming-out, Europe stands out on the global PropTech map as a continent, and zooming-in what the PropTech profile of 32 European countries is.

The ‘2023 Report on European PropTech: 32 Countries in Numbers’ you hold in your hands or read on your electronic device, is based on 4 463 European PropTechs, or 93.5% of the overall number of PropTech companies in Europe, which by 01.02.2023 is 4 775.

This 2023 edition of the only pan-European propTech Report –  ‘2023 European PropTech Report: 32 Countries in Numbers’ should stand as a reference point of a highly-validated market information for anyone who is interested in European PropTech.

Above all, this is the FIRST EVER REPORT on European PropTech which features all 32 European countries in detail. There is no equivalent.

PropTech Bulgaria’s team has been working on this Report since June 2021. We released the first edition of this Report on 31.01.2022.

We undertook this tremendous analysis when we tried to figure out how Europe and its different regions are being positioned on international level in PropTech, and we found no information in one place which explicitly and clearly displays the big picture, particularly the number of PropTech companies in different geographical regions; which are the most dominant continents in PropTech (based on the number of generated tech solutions); how different European regions differ when compared to each other, and most importantly what the position of Eastern Europe is.

However, we have been building our database with European PropTech companies for more than 6 years now. So, it has been a long road till now.

We have reviewed over 9 500 companies which have somehow been classified as ‘PropTech’, coming from our continual review of 30+ sources. However, we have checked each and every company as per 30 criteria in order to categorise it in our PropTech database. Hence, up to now, 2023, 1 Feb., our core database comprises of 4 463 European PropTech companies from 32 European countries, and all these companies meet this set of 30 criteria. As marked above, this number of European PropTechs equals to 93.5% of all PropTech companies originating in Europe. Our extended database amounts to 5 760 companies which are PropTech or related to PropTech in Europe.

JLL in their report released in Aug. 2021 state that the Global number of PropTechs nears 8 000, which is no surprise, having in mind that based on the presented figures on our map, the cummulative number exceeds their estimations and reaches up to 9 641 (See in the Report all 95 countries which are considered in this cummulative calculation.)

We are pretty much sure that we will exceed 10 000 PropTechs worldwide if we add the precise number of PropTechs in Russia, and the EE countries, as all these countries and geographic regions are very well tech developed.

The Report contains a PropTech profile per each of the 32 European countries arranged in an alphabetical order plus the UAE & GCC Region [the United Arab Emirates & the Gulf Region]. The profile format is unified, thus making it easy for anyone to get an idea about a country and compare countries, as well as the 6 European geographic regions (CSEE, DACH, Nordics, South Europe, BeNeLux & France, UK & Ireland).

 This Report is build on the understanding that each country has its own specific PropTech profile, thus making it strong in some areas; depicting the free market niches; showcasing the outstanding PropTech solution types one can find in this country.

We believe that such information will facilitates tremendously the crossborder Business Development opportunities for PropTechs in Europe.

The country profile information contains:

• Number of all PropTechs in the country
• Number of PropTechs analysed in this Report
• PropTech categorisation by the 5 life-cycle stages of PropTech, namely, (1) Invest & Finance; (2) Design & Build; (3) Market & Transact; (4) Manage & Operate; (6) Live & Work
• PropTech categorisation per asset type: Residential, Commercial, Industrial, Infrastructure, mixed. We have also depicted the number of City-level PropTechs which facilitate the Smart City development.
• PropTech categorisation per business model customers: B2B, B2C, mixed.
• Outstanding types of PropTech solutions in the country.
• Some outstanding specifics of the country, e.g. if it is the generator of Energy Tech solutions, or crowdfunding, or all-round services for Residential.

AUSTRIA [DACH Region]

BELGIUM [BeNeLux Region]

BULGARIA [CSEE Region]

CROATIA [CSEE Region]

CZECH REPUBLIC [CSEE Region]

DENMARK [NORDICS Region]

ESTONIA [NORDICS Region]

FINLAND [NORDICS Region]

FRANCE [BeNeLux & France Region]

GERMANY [DACH Region]

HUNGARY [CSEE Region]

IRELAND [UK & Ireland Region]

ITALY [SOUTH EUROPEAN Region]

LATVIA [NORDICS Region]

LITHUANIA [NORDICS Region]

ENERGY TECH

WATER MNGT PROPTECHS

PROPTECHS FOR THE REAL ESTATE AGENCIES

AECO PROPTECHS [FOR ARCHITECTS, CIVIL ENGINEERS]

LUXEMBURG [BeNeLux Region]

NETHERLANDS [BeNeLux Region]

NORWAY [NORDICS Region]

POLAND [CSEE Region]

PORTUGAL [SOUTH EUROPEAN Region]

ROMANIA [CSEE Region]

RUSSIA [CSEE Region]

SERBIA [CSEE Region]

SLOVAKIA [CSEE Region]

SLOVENIA [CSEE Region]

SPAIN [SOUTH EUROPEAN Region]

SWEDEN [NORDICS Region]

SWITZERLAND [DACH Region]

UK [UK & Ireland Region]

UKRAINE [CSEE Region]

ESG PROPTECHS

RETAIL TECH [FOR THE RETAIL ASSET CLASS]

PROPTECHS FOR THE INDUSTRIAL ASSET CLASS

INVEST & FINANCE PROPTECHS

Europe is the most tech developed continent in the world, and this holds also true in PropTech. It is the origin continent for 51 % of global PropTechs. Second comes North America with 25.8%, and third is Asia & Middle East & Asia Pacific with 12.4 % of all PropTechs worldwide. The Report also sets it very clear how all continents stand in terms of PropTech.