PropTech Is at an Inflection Point
The global PropTech market reached $36.55 billion in 2024, with AI adoption accelerating across every category. The companies below represent the most significant innovations in how real estate is bought, sold, managed, and financed — across two of the world's most important markets.
Top 5 European PropTech Companies
1. LEVERTON (Germany)
LEVERTON has built one of the most sophisticated AI document intelligence platforms for commercial real estate. Their NLP-driven contract analysis tools extract, classify, and manage data from thousands of lease agreements simultaneously — reducing manual review time by over 80% for enterprise clients. For engineering partners, LEVERTON represents the kind of deep-domain AI investment that requires MLOps maturity and robust data pipeline architecture.
2. Homeday (Germany)
Homeday has digitized the residential property transaction from valuation to closing. Their platform combines automated valuation models (AVMs) with a network of local agents, creating a hybrid experience that reduces time-to-close significantly. The engineering challenge: building AVMs that remain accurate across Germany's highly fragmented local real estate markets.
3. Casavo (Italy)
Casavo pioneered the iBuying model in Southern Europe, providing instant liquidity to home sellers while building a proprietary data advantage on property pricing. Their platform processes thousands of data points per property to generate real-time offers — an applied ML challenge requiring high-frequency model retraining as market conditions shift.
4. Sensorberg (Germany)
Sensorberg operates at the intersection of IoT and property management, providing smart building solutions that control access, energy, and occupancy monitoring through a unified platform. Their SDK-first approach allows integration with existing building management systems — a model that requires robust API design and real-time data processing at the edge.
5. Spotahome (Spain)
Spotahome has built a video-first marketplace for mid-term rentals across Europe, enabling renters to book properties without in-person visits. The platform's trust layer — which includes verified video tours and professional photography — required novel investment in content quality automation and verification tooling.
Top 5 US PropTech Companies
1. Opendoor
Opendoor redefined residential real estate liquidity in the US by purchasing homes directly from sellers using algorithmic pricing. At peak, Opendoor was purchasing thousands of homes per month — a feat requiring real-time AVM models, integration with title and escrow systems, and pricing engines that hedge against market volatility.
2. VTS
VTS is the operating system for commercial real estate, connecting landlords, brokers, and tenants on a single platform for leasing, asset management, and market intelligence. Their data network across hundreds of millions of square feet of commercial space creates a proprietary intelligence layer unavailable to competitors.
3. HouseCanary
HouseCanary provides the most granular property analytics available in the US market — covering 136 million properties with valuations, forecasts, and condition assessments. Their data-as-a-service model powers lending, investment, and insurance decisions at scale.
4. Compass
Compass built a technology-first brokerage from the ground up, providing agents with proprietary tools for CRM, marketing, and transaction management. Their engineering investment in agent-facing software redefined what brokerage technology could look like.
5. RealPage
RealPage provides the SaaS backbone for multifamily property management — covering revenue management, leasing, maintenance, and resident services for over 20 million units. Their AI-driven revenue management products have attracted both adoption and regulatory scrutiny, highlighting the importance of responsible AI deployment in pricing algorithms.
What These Companies Have in Common
Every company on this list made early, significant investments in engineering quality and data infrastructure. None of them built their platforms on legacy architectures. For PropTech companies at earlier stages, the engineering foundation you lay today determines the ceiling of what you can achieve at scale. Partnering with an engineering firm that understands both the technology and the real estate domain accelerates that foundation-building dramatically.
Originally published on the VSBD blog.
