Propstreet November Insights - 2024 - Rapidly Gaining Market Share!
As we enter the final month of 2024, we’re thrilled to share that Propstreet has achieved its best year yet! Our share of the total market volume has grown at an impressive pace, with our deal volume nearing an extraordinary 30 billion SEK—an increase of over 60% compared to 2023. This remarkable milestone wouldn’t have been possible without the continued trust and support of our loyal users.
While it’s still early to draw conclusions, the steady rise in deal volume over recent months might indicate brighter times ahead. This growth is matched by increased activity on the platform, driven by both our valued existing users and a steady stream of new investors.
Pre-Market Function – For Investors
Propstreet Pre-Market allows investors to anonymously share a teaser of a property for sale within the marketplace and receive immediate market feedback, all while maintaining complete confidentiality.
Are you considering divesting your property or simply exploring market interest for a potential future sale? Look no further. Follow these simple steps below and discover a revolutionary approach to commercial real estate transactions.
1. Add property data to your secure Propstreet account
2. Communicate your teaser anonymously
3. Receive real-time market interest for your property
Cancel or continue the deal and be connected with a broker preferred by you or suggested from Propstreet team.
Want to know more about Pre-Market?
Get in touch with Filip Lundqvist
Meet our CTO
Joakim Riedel
This month, we’re spotlighting the person behind the scenes who’s driving innovation at our company. Joakim Riedel, our Chief Technology Officer, is the mastermind enhancing our AI-powered matchmaking, refining automated investment strategies, and revolutionizing user experience.
Joakim is passionate about leveraging cutting-edge technology to empower our users and create smarter, more personalized solutions. We asked him three key questions about AI, its current impact, and its future potential.
Here’s what he had to say:
1. How is AI currently being used on Propstreet to enhance our services?
"We leverage AI to refine our matchmaking algorithms, ensuring users are seamlessly connected with the most relevant investment opportunities based on their preferences and behaviors. Additionally, AI-driven personalization enhances the user experience by analyzing patterns and preferences using natural language."
2. What are the most significant benefits we and our users see from AI today?
"By harnessing AI's deep understanding of language and contextual knowledge, we’ve aligned technology more closely with human intent, removing unnecessary layers of abstraction. This creates more intuitive interactions with our tools, fostering a sense of empowerment and a significantly enhanced user experience."
3. What exciting opportunities do you think AI will bring to us in the future?
"I’m excited for a future where AI models are deeply integrated with files, databases, vision, and audio systems, offering truly intuitive and context-aware solutions. Furthermore, advancements in explainable AI will provide users with transparent insights into how recommendations are made, building greater trust and confidence in AI-driven decisions."
Real-Time Buying Yield Insights
Keeping pace with the ever-evolving commercial real estate market is key. Here are the yield highlights captured on Propstreet for November, offering a clear view of the current market conditions:
Trøndelag, Norway (Industrial A)
Real-Time Buying Yield - 6.50%
Yield recorded during November 2024
Based on data from 10 investors
Larvik, Norway (Retail A)
Real-Time Buying Yield - 6.95%
Yield recorded during November 2024
Based on data from 11 investors
Oslo, Norway (Retail B)
Real-Time Buying Yield - 6.00%
Yield recorded during November 2024
Based on data from 9 investors
Bergen, Norway (Residential B)
Real-Time Buying Yield - 6.35%
Yield recorded during November 2024
Based on data from 8 investors
Kungsbacka, Sweden (Residential A)
Real-Time Buying Yield - 4.60%
Yield recorded during November 2024
Based on data from 14 investors
Halmstad, Sweden (Residential A)
Real-Time Buying Yield - 5.00%
Yield recorded during November 2024
Based on data from 16 investors
Stockholm, Sweden (Office A)
Real-Time Buying Yield - 4.00%
Yield recorded during November 2024
Based on data from 19 investors
Örebro, Sweden (Industrial A)
Real-Time Buying Yield - 6.75%
Yield recorded during November 2024
Based on data from 18 investors
Kristianstad, Sweden (Social infrastructure A)
Real-Time Buying Yield - 5.00%
Yield recorded during November 2024
Based on data from 10 investors
To get deeper into these insights and understand how you can shape your investment strategies, consider becoming a Propstreet member. Access detailed market data, connect with other professionals, and leverage real-time analytics for your portfolio.