Valmesa turns to digitalization to bill 12M in 2019

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The real estate appraisal company made 44,000 reports and entered 10.8 million euros in 2018. This year, the company plans to issue up to 52,000 appraisals and bill 12 million euros.

Renewed or die

With the rise of proptech and big data, this is the great challenge facing appraisers. Valmesa, created in 1988, is immersed in the consolidation of its new strategic plan and in a “continuous process of digital transformation,” according to company sources. In this context, the company intends to increase its turnover to twelve million euros in 2019.

The real estate appraisal company entered 10.8 million euros last year and made a total of 44,000 valuations. This year, the company plans to bill 12 million euros and reach between 50,000 valuations and 52,000 valuations.

Although the appraiser has recovered muscle in recent years in Spain, the data is still far from those reached by the company before the crisis. In 2006, the company had 36 offices in the country, issued 100,000 reports and reached a turnover of 27 million euros. The following year, the appraiser repeated these figures.

In 2016, Valmesa became part of the Reverte family's holding. The following year, the group of companies acquired all the shares of the appraiser and made a capital injection worth two million euros "to undertake the strategic plan through the necessary investments."

This strategic plan has been on which the company has been working during 2018 and the first half of 2019 and has materialized in a clear commitment to technology. Specifically, the company has invested 120,000 euros in two digital transformation projects, so far.

Currently, Valmesa has 16 offices in Spain and studies jumping into the international market in the medium or long term, "if the model works." The increase in the volume of operations will be accompanied by a growth of the team, which will go from the current 101 employees to 110 at the end of the year, predictably.

Within the framework of this commitment to technology, Valmesa launched the Valoo proptech last year, focused on the big data analysis of the real estate sector. Recently, the company has launched an automated price and rental valuation tool, with the objective of analyzing future trends and studying the possibility of monitoring many properties, updating the data daily.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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