► According to an online poll conducted by Nordic PropTech Initiative during their webinar on 06.04.2020 г., 70 % of PropTechs state that the demand for their service has either not changed, or has increased; some even hardly meet the need for their services.
► According to the results of a second poll completed by PropTech Lab (Belgium) as part of their webinar on 09.04.2020 г. 80.85 % of PropTechs declare the same.
► 38.5 % are the Bulgarian PropTechs that assert the same. 53.8 % specify that there is a decrease in the demand for their services as a result of the corona crisis.
► Interestingly, the poll carried out by PropTech Lab (Belgium) says that 90 % of incumbent RE players (RE Corporates) affirm that presently it is much more important to implement innovations if they want to keep their market share and survive.
In the pre- C-crisis time 44 % of them have invested moderately, and 41 % – from a lot to tremendously large. Currently, only 25 % count it sufficient to invest moderately, as juxtaposed to 61 % who have already started to invest considerably more than the average.
This is a highly favourable consequence for Bulgarian PropTech companies. Evidently, there are open possibilities for cooperation with incumbent RE players both in Bulgarian, and in Europe.
See all the details in BULGARIA: COVID-19 PropTech Impact Report below
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