Ukrainian startup saves millions of dollars for US property developers with its new tech


People sail on boats near multi-storey buildings in Austin, Texas on Aug. 19, 2019. Founded by two Ukrainian entrepreneurs in 2018, an online platform Propertymate helps to connect construction companies and real estate agents in several U.S. cities, Austin and New York, to sell newly built property faster. In the nearest future, two more cities, San Francisco and Los Angeles, will be added to the Propertymate platform.

Unlike in Ukraine, it’s forbidden to start selling property in the United States while a construction firm is still building it.

This complicates life for American construction firms: it takes months to sell newly-built apartments. Besides, the U.S. real estate industry burns $30 billion every year on aggressive advertising to sell real estate as quickly as possible, according to Borrell Associates, a U.S. advertising research and consulting firm.

Source: www.kyivpost.com

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