Proptech evolution in Spain (2023)

The proptech sector in Spain has undergone significant evolution in recent years, establishing itself as a key player in the European real estate landscape. Since the creation of the proptech map in 2020 with 151 companies, the ecosystem has grown and diversified, reflecting a clear stabilization in the market. Despite the reduction in investments after the 2021 boom, startups continue to emerge, with a special focus on B2B and B2B2C solutions. Digitalization through CRMs, property acquisition, and image processing remain strong trends, while artificial intelligence is emerging as the next major step in the sector’s evolution. Spain stands out particularly in solutions for property transactions and real estate investment, holding a prominent position at the European level. The report highlights the resilience of the ecosystem and its ability to adapt to the changing needs of the market.