Weekly Radar #320: Climate Risks In The Spotlight, Let There Be Another
In this Weekly Radar, we cover:
- PropEco’s energy model provides property-specific climate risk and efficiency insights, potentially setting a new standard for property assessments.
- Bramble, an AI-powered discount brokerage backed by Y Combinator, represents yet another tech-driven, flat-fee real estate brokerage.
- The GEM Proptech Index had a combined market cap of $233.424B, a 1.92% decrease from the previous week.
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Geek Estate Blog Recap:
Geek Estate Team
Drew Meyers
Geek Estate Team
Geek Estate Team
Transmission Recap:
Most recently, Drew Meyers discussed how founders must be ready to answer key investor questions on distribution, unit economics, and leadership to secure funding. Before that, Drew Meyers pondered the future of AI home search.
CLIMATE
CLIMATE RISKS IN THE SPOTLIGHT
By: Logan Nagel
Startup PropEco, which recently received £275k of seed funding, provides property condition reports related to all things sustainability: energy efficiency, resilience, wellness factors, and low-hanging fruit upgrades. The reports are powered by a proprietary energy model which PropEco claims accurately estimates the energy consumption of a building based on its location, usage patterns, age, and other determinants.
Climate risk factors are front and center as a large swath of the US is reeling from the devastation caused by Hurricane Helene. Zillow integrated climate risk data from modeling firm First Street into property listings to display an estimated risk of flooding, fire, and other climate-caused events—not just at present but also 15 and 30 years down the road. But where First Street’s data considers risk to a given location, PropEco’s information purports to also consider property design and construction characteristics such as efficiency of structural components. If the data proves accurate, it will likely become as indispensable to buyers as a title report–serving not only as a disclaimer of risk but as a guide to future property energy efficiency, resilience, and wellness improvements. In five or ten years, displaying a property’s climate assessment will be par for the course, across the UK and US, as well as other countries.
REAL ESTATE
LET THERE BE ANOTHER
The discount brokerage count continues to grow. Enter Bramble, which is...