Spanish property portal Housfy.com won the award for “digitalization and innovation” at the third annual PYME [SME] of the Year Awards in Barcelona. The competition, sponsored by Santander Bank and the Spanish Chamber of Commerce, recognized the startup for bringing the digital real estate portal model to Spain.
Housfy, which launched in 2017, has grown rapidly, expanding from its Barcelona headquarters across Spain and into Europe. Its latest market is Lisbon, a city Housfy designated the “new fashionable city in southern Europe”. Its blog noted the Portuguese capital has seen property price-per-meter rise by 14 percent last year, and 37 percent over three years.
Though Housfy founder and CEO Albert Bosch was inspired by PurpleBricks, his company has focused on the full digitalization of the sales process. Housfy provides owners with the tools and support they need to manage the sale process themselves.
Its business model is a flat fee of €3,999 ($4,497 U.S.) upon completion. Bosch told the AIM Group that Housfy, which recently grew from 50 to 80 staff, is the largest online property agency in Spain, and in the top five among all agencies.
In June 2019, Housfy raised €6 million ($6.8 million U.S.) in June 2019 from from New York firm Torch Capital; British fund DN Capital (a PurpleBricks.co.uk investor); French-Chinese Cathay Capital; and Spanish venture capital fund Seaya Ventures.
Just last week, Housfy sold 23 homes, saving is customers around €185,00. Its average time to sell a property is 99 days.