Tiko's recent acquisition of Housell, a significant move set to consolidate the real estate market's future

Just a few days ago, we proudly announced Tiko's strategic acquisition of Housell, one of the major players in Proptech in Spain. This pivotal move not only solidifies our position as a leader in the Spanish real estate market but also sets the stage for our further expansion. This acquisition marks a significant milestone, elevating us as the foremost digital real estate entity in Spain, both in regional reach and property portfolio.

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This decision aligns seamlessly with our long-term strategy of expanding our market presence and accelerating growth in the real estate sector. More importantly, it underscores our commitment to transforming an industry that has lagged in digitalization compared to others, especially in areas like real estate brokerage.

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Our founding of Tiko was driven by recognizing the digital potential within the real estate industry, one of the world's most significant sectors. Today, I am thrilled to affirm that Tiko is at the forefront of harnessing this opportunity. Our innovations and capabilities are reshaping industry norms, propelling a revolutionary change in real estate.

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The integration of Housell into the Tiko family marks a groundbreaking moment in the market. By merging Housell's extensive market expertise with Tiko's technological prowess, we are set to offer an unmatched, streamlined, and transparent real estate transaction experience for our customers. In addition to that, with Housell joining our journey, we get one of the most talented teams in Europe integrated into our team. We are looking forward to write a new chapter together with the Housell team.

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Our ambition doesn't stop there. We are on a mission to assemble the finest network of real estate agents across Spain and Portugal, offering unparalleled services. By equipping agents with top-notch tools, including our robust digital marketing engine, we aim to redefine the buying and selling experience for both sellers and buyers.

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This acquisition is more than a business move; it's the creation of the most influential player in the Iberian real estate market. In the coming weeks, our focus will be on synergizing our strengths, integrating our rich experiences, and aligning our corporate cultures.

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The announcement of this milestone was met with immense excitement and joy within our teams, and it has garnered significant media attention, featuring in Spain's top business newspapers - Cinco Días, Expansión, El Economista - and international platforms like Forbes, Eu-Startups, and Sifted, among others.

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2024 is shaping up to be an exhilarating year for Tiko, and this is just the beginning. We are poised to continue our journey of market revolution and sustainable growth.

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Furthermore, 2024 will be a very interesting year for the industry: We will witness companies withdrawing themselves from the markets, companies transforming themselves and companies acquiring other companies. The entire digital industry – “start-ups” – did have two hard years with fundraising and profitability. In addition to that, there is a lot of “founders’ fatigue” all over the place. I believe this year, this all will be changing. We might see a lot of consolidation across Europe. We would like to be one of the drivers of the consolidation.