Is The AI Threat To Real Estate Portals Overblown? With Giles Thorne

Ed and Simon are joined by Giles Thorne (Head of European Internet Research at Jefferies) to discuss the threat posed to real estate portals by AI.They explore investment strategies, the role of private equity, and the influence of major players like Google. The conversation emphasises the need for progressive management and the potential for M&A activity to reshape the industry. The episode concludes with a framework for evaluating real estate platforms and insights into the future of the market.Chapters00:00 Introduction to the PPW Pod and Guests04:01 The Threat of AI to Real Estate Marketplaces09:37 Data's Role in Real Estate Platforms12:25 The Importance of Local Data and Insights15:29 Personalization and User Experience in Real Estate19:24 Investment Strategies and Market Dynamics23:25 Class Action Lawsuit Against Rightmove33:21 Framework for Assessing AI Threats to Portals35:22 Understanding Market Dynamics in Real Estate Platforms37:48 The Importance of Customer Relationships39:41 Navigating Technological Expectations42:18 Investment Opportunities in Real Estate Stocks45:15 The Role of Private Equity in Market Recovery48:03 The Influence of Analysts on Market Strategies49:01 Google's Impact on Real Estate Portals52:17 M&A Dynamics in Real Estate55:49 The Future of Under-Invested Platforms58:41 The Shift in Investment Strategies01:00:50 Evaluating Market Leaders and Innovators

Ed, Simon and Harvey discuss...- The competitive landscape involving Zillow Homes.com and Realtor.com, and the impact of AI on the industry.-The shift of Casavo from iBuying to a brokerage model- The regulatory environment affecting real estate marketplaces in France, Hungary, Austria and SwitzerlandSign up the WhatsApp group for all our content as soon as it's published https://chat.whatsapp.com/JTw6WBPHggJAgqU5cySl0300:00 Introduction to the PPW Podcast01:19 US Market Developments and Realtor.com Plus08:48 Zillow's Legal Troubles and Market Positioning11:27 AI Innovations in Real Estate12:33 Casavo's Shift from iBuying to Brokerage21:09 Regulatory Landscape in European Marketplaces24:51 Competition Authority Insights and Scraping Laws32:55 The Future of Real Estate Portals and AI38:35 Upcoming Events and Conclusion

Ed and Simon are joined by former OLX Brasil CEO, Andries Oudshoorn, to talk about his new business, Propmind.Andries shares his journey from founding Bomnegocio, Brazil's first C2C marketplace, to leading OLX Brazil, and now launching Propmind, an AI-driven rental management platform designed to simplify the complexities of rental processes in Brazil. The discussion highlights the challenges and opportunities presented by AI in transforming traditional real estate practices, particularly in a market characterized by bureaucracy and a lack of trust.00:00 Introduction to the Guests and Their Backgrounds01:55 The Evolution of C2C Marketplaces in Brazil04:21 Challenges of Multi-Vertical Classifieds06:37 The Impact of AI on Real Estate12:14 Acquisitions and Market Strategy at OLX14:27 Current Trends in the Brazilian Real Estate Market16:39 Introducing PropMind: A New Approach to Rental Management22:52 The Role of AI in Rental Processes24:49 Go-to-Market Strategy for PropMind31:01 Targeting the Right Customers33:45 Competing with Kinto and R37:49 Building Trust in Brazilian Real Estate41:04 The Challenges of Property Management50:26 Leveraging AI for Better Solutions

Ed and Simon are joined by EIV Founder, Malcolm Myers to discuss the significant drops in share prices of real estate portals despite their reported revenue growth. They explore the impact of AI on the industry, investor sentiment, and the role of private equity in shaping the future of real estate portals. The conversation also delves into the challenges of cross-border M&A transactions and the evolving revenue models for portals.

Harvey, Simon and Mike DelPrete get together for an emergency broadcast after Google appeared to test showing full property listings at the top of its search results last weekend.Expect AI, monetisation, what this means for market leaders and challengers, and more...Chapters00:00 Introductions03:43 Google's Experimentation with Real Estate Listings06:25 Understanding the MLS and Listings09:42 Google and AI Integration18:27 Navigating the Zero-Click Universe25:30 Share prices drops all round30:45 Closing thoughts and goodbyes

Harvey and Ed discuss the Swedish real estate market with Fredrik Engdahl, CEO of Boneo. They explore the unique aspects of the Swedish market, including the prevalence of pre-market listings and the vendor-paid model. Fredrik explains Boneo's strategy to challenge the market leader, Hemnet, by focusing on value creation for agents and sellers. The conversation delves into the importance of marketing, the role of AI in real estate, and the dynamics of agent-backed portals. Fredrik shares insights on how Boneo differentiates itself through its unique offerings and plans for future growth.Chapters00:00 Introduction to the Swedish Real Estate Market03:23 Understanding Bonneo's Role in the Market06:02 The Ideological Shift in Property Portals09:02 Bonneo's Unique Value Proposition11:57 Marketing Strategies and Challenges15:14 Pre-Market Listings and Their Impact18:11 Leveraging Data for Competitive Advantage20:57 The Future of Property Portals and AI25:26 The Rise of Pre-Market Listings in Sweden30:22 Hemnet's New Payment Strategy and Its Implications36:00 Bonneo's Marketing Strategy and Investment40:16 Creating Awareness: The Importance of Value Proposition46:47 Lessons Learned from Building a Network of Pre-Vetted Buyers

Ed, Simon and Harvey discuss the latest developments in the real estate marketplaces industry, focusing on REA Group's integration with OpenAI, M&A news, and market updates. They delve into Zillow's recent controversy regarding climate risk scores and highlight product innovations from various real estate portals. The conversation wraps up with insights on the upcoming conference in Bangkok.00:00 Introduction and Personal Updates01:57 REA Group's Integration with OpenAI13:31 Acquisition of Neighborlytics by REA Group21:16 Partnership with Ray White and Market Insights24:15 Exploring Square Yards and Baltic Classifieds28:11 Zillow's Climate Risk Controversy34:04 The Information Dilemma in Real Estate38:03 Innovations in Rental Market Solutions47:23 Upcoming Conference Insights

In this news roundup episode, Harvey and Simon discuss...Domain and REA Group Traffic Jibes, Bien'Ici's ambitious market leadership plan, Swiss Marketplace Group Acquisition post-IPO, Zillow lawsuit update, plus all the FinancialsChapters00:00 Introduction and Conference Updates04:11 Traffic Wars: Domain vs. REA Group12:01 User Experience at Domain14:59 Bien'Ici's Ambitious Goals in France24:23 Swiss Marketplace Group's Public Debut and Acquisitions32:37 Zillow's Legal Troubles Update42:53 Financial Results for Prosus and Cian46:59 PropTech Jobs and outros

Ed, Harvey and Simon discuss potential lawsuits against Rightmove and Zillow, the impact of AI investments on Rightmove's share price, and financial updates from major real estate companies. The conversation highlights the ongoing challenges and legal issues faced by these companies, as well as the evolving landscape of PropTech and real estate marketing.

Ed, Simon and Harvey discuss the restructuring of SeLoger in France, the potential sale of Yad2 by Aviv Group, the cancellation of Dubizzle Group's IPO, and financial highlights from major marketplaces like Scout24. The conversation also highlights emerging trends in product innovation, particularly the rise of AI search functionalities in real estate portals.