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Tag: PriceHubble

  • PriceHubble buys Dataloft in the UK

    PriceHubble buys Dataloft in the UK

    PriceHubble has acquired the British company Dataloft. According to a media release, the aim of the merger is further growth in the UK, where PriceHubble was launched in autumn 2022. The acquisition comes at a time when the UK real estate and banking industries are showing signs of stabilising, the release said.

    It is PriceHubble’s fifth acquisition, according to the company. The Zurich-based specialist in real estate valuation, consulting and analytics creates artificial intelligence-based valuation and visualisation solutions for real estate data. Based on Big Data Analytics technology, huge amounts of data can be analysed. Thus, information on property location and noise pollution is also included in the valuation. PriceHubble is aimed at UK banks, asset managers, estate agents, mortgage brokers, IFAs and fintechs.

    Dataloft is a residential property market information company and will continue to operate as a separate legal entity, leveraging its “well-established brand and client relationships”, it said. Managing director Sandra Jones will remain, according to the statement. As part of the acquisition, Dataloft will gain access to PriceHubble’s innovative market and data technology and pan-European data resources. full integration into the PriceHubble group is expected to take place in 2024.

  • Negative effects of the Ukraine war on the real estate industry in Switzerland

    Negative effects of the Ukraine war on the real estate industry in Switzerland

    The Ukraine war has global economic ramifications. How do you feel it in the local real estate market? PriceHubble investigated this question with a survey of real estate professionals from all areas of the real estate industry.

    55 percent of the real estate professionals who took part in the current study "Effects of the Ukraine War on the Real Estate Industry in Switzerland" believe that the Ukraine crisis could have a negative impact on their company over the next twelve months. 31 percent think there will be no impact. In contrast, 14 percent of respondents see a positive development for their business.

    According to those surveyed, the reasons for a change are the increase in construction costs, rising mortgage interest rates and a stagnating or declining buyer's market. As one real estate manager comments: «The increase in material costs and delivery times affects both the construction sites and the purchase prices. As a result, buyers will resort to existing goods and abandon construction projects.”

    In general, more real estate professionals (28 percent) see a decrease in the number of mandates over the next twelve months than an increase (17 percent). More than 55 percent of those surveyed do not expect any change in the number of mandates.

    50 percent of the respondents are of the opinion that projects will not be postponed because of the Ukraine war. 9 percent expect a postponement of up to 6 months, 12 percent a delay of 6 to 12 months, 26 percent of 12 to 18 months, 2 percent a postponement of the projects by 18 to 24 months and another 2 percent even by up to to 24 to 30 months.

    Development of luxury properties difficult to predict
    In the case of luxury real estate, 34 percent of those surveyed stated that they expected prices to rise. In contrast, 31 percent believe that a decline is to be expected. 35 percent are of the opinion that the prices in this segment will not change.

    In the comments column to this question, many of the respondents indicated that they expected a decrease in general interest in objects in this segment. Others are of the opinion that luxury real estate is crisis-resistant and that the strong demand will remain. Many are also convinced that the supply will remain stable.

    "Luxury real estate in Switzerland, especially in exclusive locations, will always tend to find buyers (both domestically and abroad) and it is therefore possible that the prices for them remain the same or may even rise," comments one broker.

    Price development of energy-efficient objects remains exciting
    When it comes to the question of whether a greater price change is to be expected when buying properties with a high energy efficiency class (A or A+), there is a tie: 50 percent say "yes" and 50 percent say "no".

    With regard to the demand for real estate with a high energy efficiency class since the beginning of the Ukraine crisis, 68 percent of the real estate experts surveyed stated that they had not noticed any change. "But it will come, people are slowly becoming sensitive to it," a real estate manager commented on this question. 32 percent of those surveyed believe that demand has already increased.

    Regarding rental prices for properties with a high energy efficiency class (A or A+): 69 percent of the participants stated that there will be no changes. In contrast, 31 percent expect a change.

    Further results, for example on the impact of rising mortgage interest rates, the development of rents or sales prices of residential properties can be found in the complete study.

  • What is the ideal building age for an investment?

    What is the ideal building age for an investment?

    In order to answer the question of the ideal age of a real estate investment, PriceHubble first examined the development of market prices and rents for buildings of different ages for its analysis. “Buildings, like cars, tend to depreciate faster in the early part of their life cycle than in later years. However, since a property usually also includes a plot of land that does not wear out, the value of the property then approaches the value of the land,” says Dr. Nima Mehrafshan, Head of Research at PriceHubble.

    The analysis was carried out based on the PriceHubble valuation model. For each of these, a location in a major Swiss city was selected and a typical apartment in this location was evaluated. The year of construction was varied for each apartment assessed, while all other influencing factors were kept constant – including the time of the assessment. “In this way, we can determine how the market value and market rent of a typical apartment decrease with age, ignoring market-wide price changes over time,” adds Dr. Mehrafshan.

    Biggest loss in value in Bern and sharpest drop in rent in Basel – real estate in Geneva with the smallest loss in value
    The majority of the price loss occurs across all the cities examined in the first 40 years after construction and then levels off between 17 and almost 26 percent. Real estate in the city of Bern experienced the greatest loss in value at around 26 percent. In contrast, real estate in Geneva only lost around 17 percentage points.

    A similar picture emerges when it comes to rents, with the decline in market rents already having largely taken place after 20 to 30 years. After this time, rents are between -12 and -25 percent compared to a new building. Rents in the city of Basel are falling the most at around 25 percent, while rents in Geneva are only falling by just under 12 percent.

    Lowest rental yield after 10 to 20 years
    Basically, rental yields are only slightly influenced by the age of the building. The rental yields for new buildings are only slightly lower than for older buildings. The rents fall slightly in the first few years, since the market rents fall a little faster than the market prices with the age of the building. In general, rental yields are lowest for buildings that are 10 to 20 years old and range between 2.3 percent and just under 3.0 percent. After almost 60 years, returns reach their zenith and remain between 2.6 percent and 3.4 percent.

    The city of Bern is the leader in terms of rental returns with a rental return of around 3.4 percentage points after 60 years. The city of Zurich has the lowest average rents and shows a return of 2.6 percent after 60 years.

    10-year return: Bern is the leader
    A similar picture emerges when looking at 10-year returns (combination of rental returns and market value loss through wear and tear). Here, too, the yields level off from an age of just under 60 years. The city of Bern is also the front runner with a total return of around 33 percent. Real estate in the city of Zurich meanwhile has the lowest average return of around 26 percent.

    In principle, the return on buildings under 20 years of age also falls to 16 percent to 23 percent over a 10-year period. «In order to answer the question of the best building age for an investment, investors must also consider the maintenance costs in addition to our analysis. Here, of course, the faster depreciation early in the property’s life is offset by the higher maintenance costs for most older buildings. Nevertheless, investors can use the results of the study to review their investment strategy,” says Dr. Mehrafshan.

    Detailed information at: https://bit.ly/3tzmpt6

  • Data literacy: a no brainer!

    Data literacy: a no brainer!

    “Data is the new gold” – that’s what we’ve been hearing for years. Against the background of an increasing complexity of issues and requirements, data analysts are being recruited in companies across all industries and corresponding teams are being set up. However, data per se does not lead to any solutions. Rather, it is necessary to derive a strategy from it – this not only requires the intelligent linking of data but also appropriate market knowledge and analysis in a specific context.

    How can market needs be better determined and suitable living space developed and built? Digitization has created many possibilities for the planning and construction of real estate. With the appropriate tools – for example from Luucy, Archilyse or PriceHubble, to name just a few – processes and decisions along the entire value chain can be simplified and accelerated: from the acquisition of suitable plots of land, through development and marketing, to the management of the properties. AI-based technology is being used more and more here.

    The “hard facts” are certainly the basis for data-based evaluations. But developers are also increasingly wanting “soft key figures” to supplement their decisions, for example information on the satisfaction of residents. Ultimately, of course, it is the experience that counts – the best decisions are, as is well known, the ones where the “subjective gut feeling” is right. Because even with the best data, it is always the human who decides in the end.

    You can find more impulses on the subject here: https://proptechmarket.net/impulse

  • PriceHubble raises $ 34 million

    PriceHubble raises $ 34 million

    Zurich-based PriceHubble AG has successfully completed a Series B financing round. The proptech was able to raise $ 34 million from new and existing investors, according to a media release . It focuses on real estate valuations and property insights on the basis of big data analytics and artificial intelligence. This round was led by Digital + Partners . The internationally growing company received "significant investments" from Latitude Ventures , TX Ventures and Business Angels. It also met with great demand from existing investors, including Swiss Life and btov / Helvetia Venture Fund .

    This is one of the largest B rounds in the European proptech scene, said Dr. Stefan Heitmann, Co-Founder and Chairman of the Board of Directors of PriceHubble. CEO Julien Schillewaert considers it an "important milestone on the way to realizing our vision of becoming the undisputed market leader for data-driven digital solutions for the real estate and financial industries in Europe and Asia".

    For this, PriceHubble “with the combination of an excellent team, a mature technology-driven organization and a best-in-class UX, PriceHubbel is ideally equipped to continue to drive growth, to attract additional top talent and the go-to-market organization to scale internationally ”, says Patrick Beitel, co-founder and managing director at Digital + Partners.

    The company, which was founded in Zurich in 2016, is now active in nine markets: Switzerland, France, Germany, Austria, Japan, the Netherlands, Belgium, the Czech Republic and Slovakia. The B2B customer base has tripled in the past twelve months. It now consists of 800 companies.

  • PriceHubble expands to the Czech Republic

    PriceHubble expands to the Czech Republic

    PriceHubble is planning to focus on Central and Eastern Europe, the Zurich-based PropTech company, which specializes in real estate valuations for companies, informs in a press release . To this end, PriceHubble has taken over the Czech PropTech Realtify. The start-up company founded by Vladislav Kochetov in Prague in 2019 offers services for residential property professionals. Kochetov should manage the company, which will now operate as PriceHubble Czechia, also under the PriceHubble umbrella and, in particular, be responsible for the growth of the Zurich-based PropTech company in Central and Eastern Europe, PriceHubble writes.

    The takeover is intended to strengthen and expand PriceHubble's position, Julien Schillewaert explains in the press release. "PriceHubble is without a doubt one of the fastest growing PropTech companies in Europe," the PriceHubble CEO is quoted as saying. "There is strong growth potential in Central and Eastern Europe and the integration of Realtify into our team enables us to accelerate our market expansion in the region." With the takeover, PriceHubble is now in Switzerland, France, Germany, Austria, the Netherlands and Belgium , Czech Republic, Slovakia and Japan are active.

  • MLP evaluates real estate with software from PriceHubble

    MLP evaluates real estate with software from PriceHubble

    In the future, MLP Finanzberatung SE will work with the digital solutions for live analysis of the real estate market from PriceHubble . According to a media release, the Zurich technology company is providing MLP with its headquarters in Wiesloch near Heidelberg with the software and extensive real estate data integrated into the MLP website. PriceHubble builds digital products based on the analysis of large amounts of data and artificial intelligence, with which current market trends and the development of real estate can be observed.

    "Our consultants can quickly and efficiently respond to the needs of their customers, assess the market value of a property for purchase or sale and, based on this, develop the best strategy for real estate investments," says Marc-Philipp Unger, Head of Financing at MLP and Executive Board member at the subsidiary Deutschland.Immobilien, quoted in the media release. Real estate investments are often the largest and most emotional asset in a private finance portfolio. Therefore, they should be carefully considered and based on reliable data.

    According to the press release, existing customers who already own a property will soon receive regular evaluation dossiers for their investment. Following on from this, MLP employees can talk to their clients about investments or a sale. The program is also intended to be used in discussions with potential customers who are just thinking about buying or selling a property, financing or converting a residential property and who just want to find out more.

  • PriceHubble expands in the Netherlands

    PriceHubble expands in the Netherlands

    PriceHubble is now also present in the Netherlands. At the same time as opening its new presence in Amsterdam, the Zurich-based property valuation specialist is starting a strategic partnership with Yellowtail Conclusion, according to a press release. PriceHubble supports players in the real estate sector with their investment decisions using innovative technologies such as machine learning and big data analytics.

    Thomas Berghaus heads the new company PriceHubble Netherlands BV "The real estate market in the Netherlands has been growing for years and the strong influx will further reinforce this trend, especially in the area of residential property development," Berghaus is quoted in the press release. “That is why this location is one of the most attractive in all of Europe. "Our digital product solutions help Dutch brokers, intermediaries and banks to successfully open up the market and create transparency."

    PriceHubble and Yellowtail want to jointly develop new service concepts for mortgage advice with the help of digital real estate valuation. "We are therefore proud", says Yellowtail Managing Director Matthijs Mons, "that we can support PriceHubble in entering the Dutch market".

  • PriceHubble is taking in fresh money

    PriceHubble is taking in fresh money

    PriceHubble has completed a successful financing round and raised several million Swiss francs, according to a message from startupticker.ch. The round was led by the Helvetia Venture Fund and Swiss Life. The investors also include the Austrian real estate company Soravia and Frank Strauss, former CEO of Deutsche Postbank.

    PriceHubble makes it possible to gain useful knowledge for the valuation of real estate from large amounts of data. With the company's solution, for example, data on the location, the neighborhood or noise pollution can be evaluated and clearly presented with the help of big data analytics and artificial intelligence. PriceHubble is aimed at all parties in the real estate value chain, such as real estate portals, banks, asset managers, insurance companies, real estate investors and private individuals.

    According to the announcement, the company is already successful in German-speaking countries, France and Japan. In the past twelve months, PriceHubble has quintupled the number of its customers to several hundred and doubled the number of employees to 72.

    With the fresh money, the international growth is to be further promoted. "With the newly acquired financial resources, we are ideally equipped for further expansion and can further expand our top European position as proptech for data-driven real estate valuations and location analyzes", PriceHubble founder Stefan Heitmann was quoted as saying.

  • PriceHubble takes over Checkmyplace

    PriceHubble takes over Checkmyplace

    PriceHubble takes over 100 percent of the shares in Checkmyplace GmbH , according to a media release . According to co-founder Markus Stadler, the company wants to strengthen its position in the German-speaking area. "We can now also offer multinational real estate companies in the DACH region additional added value," he says.

    PriceHubble makes it possible to gain useful knowledge for the valuation of real estate from large amounts of data. For example, it includes data on the location, the neighborhood or noise pollution in the assessment. The data is evaluated and clearly presented with the help of big data analytics and artificial intelligence. PriceHubble is aimed at all parties in the real estate value chain, such as real estate portals, banks, asset managers, insurance companies, real estate investors and private individuals.

    Checkmyplace delivers services and products based on various data and supports professional users in the real estate industry in working more efficiently. After completion of the takeover, the company will appear under the name PriceHubble Austria.

    PriceHubble was founded in 2016. The Zurich-based company already has locations in Paris, Berlin and now also in Vienna. As a result of the takeover, over 70 employees work for the company.