Propstreet October Insights - 2024 - High Deal Volume in the Office Segment
October was a busy month on Propstreet, with total deal volume now exceeding 24 billion SEK in 2024. Our tech team has been working tirelessly to introduce new features aimed at enhancing your experience on the platform. It’s amazing what new paths AI enables and there’s more to come—stay tuned for more upcoming releases!
Additionally, we’re excited to welcome Magnus Svantegård to our board. You’ll find more details on his appointment further down in this newsletter.
A Look at October
In October, a deal volume exceeding 3.5 billion SEK was communicated. More than 100% increase compared to October 2023. It was distributed on 30+ deals, with an average case volume above 130 million SEK. 50% of the deal volume was in office and retail properties, while there was a lower proportion of teasers in the residential segment than usual.
New features: Enhanced Investment Experience
We’ve heard your feedback, and we’re excited to announce two major updates released during October, addressing the key points you've raised:
1. Expanded newsfeed - Explore investment opportunities while maintaining personalized matching
Since introducing stricter matchmaking, we’ve heard your feedback about missing potential opportunities. Now, all users will be able to view a larger share of deals that are not a strict match with their defined investment strategies. These teasers are visible through Propstreet newsfeed, enabling investors to monitor the broader market while continuing to receive personalized opportunities in line with defined investment strategies.
2. Propstreet Copilot: Creating investment strategies
Creating an investment strategy has never been easier. Simple write in free text what you want to buy, and Propstreet Copilot creates an accurate investment strategy in seconds. How cool? (You find this new feature under "Edit profile" on the Start page).
Magnus Svantegård joins the board of Propstreet
We are delighted to announce that Magnus Svantegård is joining the company's board. With over 25 years of experience in building digital services for the real estate industry, Magnus will bring valuable expertise as we continue to develop Propstreet.
“We are very excited to welcome Magnus to our board. His deep understanding of developing digital services for the real estate industry will be invaluable as we continue to expand Propstreet," says Henrik Olofson, CEO of Propstreet.
- "The challenge of digitizing commercial real estate transactions has interested me ever since my time at Datscha. I am impressed by the patience and determination the Propstreet team has shown. I'm excited to be part of Propstreet and contribute to their continued journey," says Magnus Svantegård.
Our favourite quote from Magnus:
“Just because a process "works", it doesn't mean one shouldn't add tech to make it more efficient.”
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 October, offering a clear view of the current market conditions:
Horten (Retail B)
Real-Time Buying Yield - 7.55%
Yield recorded during October 2024
Based on data from 8 investors
Tønsberg (Retail B)
Real-Time Buying Yield - 7.25%
Yield recorded during October 2024
Based on data from 7 investors
Trondheim (Retail A)
Real-Time Buying Yield - 7.45%
Yield recorded during October 2024
Based on data from 8 investors
Aarhus (Residential B)
Real-Time Buying Yield - 4.75%
Yield recorded during October 2024
Based on data from 8 investors
Stockholm (Residential A)
Real-Time Buying Yield - 3.25%
Yield recorded during October 2024
Based on data from 26 investors
Södertälje (Residential A)
Real-Time Buying Yield - 5.50%
Yield recorded during October 2024
Based on data from 11 investors
Helsingborg (Residential B)
Real-Time Buying Yield - 5.10%
Yield recorded during October 2024
Based on data from 10 investors
Järfälla (Industrial A)
Real-Time Buying Yield - 6.45%
Yield recorded during October 2024
Based on data from 30 investors
Vänersborg (Industrial B)
Real-Time Buying Yield - 8.25%
Yield recorded during October 2024
Based on data from 9 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.