News Article Bulgaria proptech report SEE smart city
by Property Forum | Report

With 240 PropTech solutions at the beginning of 2023, the country is among the leaders in Europe in the field of smart cities, smart buildings, smart homes and water management.

The data is from the fifth Bulgaria & CSEE PropTech Mapping Report by PropTech Bulgaria, which analyses the proptech industry in Bulgaria and the countries of Central and Southeastern Europe. The report's analyses are based on 93.5% of all existing European solutions as of February 1, 2023, or nearly 5,000 PropTech companies that are part of PropTech Bulgaria's core database, which amounts to 6,000 solutions in its expanded form.

32% of the Bulgarian proptech solutions serve housing assets, followed by companies, providing city solutions (18%). Proptech solutions that cover both residential and commercial properties are 14 percent, while those serving all asset classes are 13 percent. Bulgaria ranks fourth in Europe in terms of digital solutions for industrial-grade real estate after Germany, Austria and Poland. The country ranks first on the Old Continent in water management proptech solutions, ahead of Finland and the Netherlands, according to the report.