Going for gold

Published on
March 6, 2024
February 18, 2022

With the Winter Olympics on, we thought it opportune to highlight an interesting stat we came across regarding gold + residential real estate.  

Residential real estate globally, is currently valued at 25x of all the gold ever produced (Savill’s 2021). In reviewing our dealflow this week we continue to see c.40% to 50% (depending on the region) being in the construction and/or residential sectors + this for a number of reasons, is where we will continue to see the greatest investment + success in the short term for Proptechs.  

With sentiment that interest rates globally may be about to go up, inflation, the potential “Crypto Winter” + the seeming acceptance of COVID, we have tweaked our thesis on where we think the winners in this area will be.  Watch this space.

A slalom worth of twists, but the finish line could be in sight for mainstream Blockchain

The vociferous appetite for investors seeking to enter private market assets in search of yield continues with more + more smart contract plays coming to the Proptech market + not just on the deal platform side. In 2022 alone, we have seen over 20 deals in the space with excellent value proposition.

Its ability to replace some of the cost-heavy, operational processes makes it perfectly placed to drive the point of difference in NOI tight markets. With 78% (Compare Camp) of users using blockchain technology via their mobiles + with over 70m wallet holders (up from 11m in 2016), its push to normality may not be far way.  

A slippery slope or perfect landing?: Buying a house in the Metaverse for $4.3m

After hearing that Metaverse Real Estate firm Republic Realm, dropped a cool $4.3m on a virtual land purchase (The average price of a home in Manhattan (real world) is $1.6m. We at the PTC, wonder if the team at Bravo - makers of the reality TV show - “Million Dollar listing” - a show based on Los Angeles Resi agents - are cooking up a Metaverse version that looks something like Futurama or the Jetsons for older readers.

This significant investment in a concept that arguably is right at the extreme of Proptech is continuing at a pace, not seen since Eddie the Eagle headed down the ramp. It will be interesting to see which of these bold investors will be standing on the podium in the next few years

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