The New York-based PropTech investment firm MetaProp has released the results of its half-year survey on the confidence of investors in the space. The survey reveals a 33% drop in confidence compared to a year ago among investors and a drop of 35% among startups. Cited by investors among the reasons for a confidence score of 5.9/10 are market volatility, decreasing deal flow, and the looming presidential election. Some highlights from the report include:
89% of investors believe that the global pandemic is accelerating the adoption of PropTech.
33% of investors expect to make more investments in PropTech over the next year than they did over the previous year. This figure is down from 64% in 2019’s mid-year survey.
21% of startups expect their sector to be less competitive over the next year. This figure is much higher than the 5% reported in the end-of-year 2019 report.
The sample size of the report was not given, but a breakdown of the location and demographics of respondents revealed a largely white and US-based pool of respondents from medium-sized and young companies. You can download the full MetProp report here.