Business Forum • 27 September, 2024 at 1:57 PM
VAUNT, the sales management platform dedicated to residential developers, which also develops a marketplace for investors interested in buying apartments in Europe, reported client transactions of around €210 million in the first months of the year. More than 70 clients manage over 20,000 properties for sale or rent through VAUNT, in addition to those already sold in the tech startup's 3 years of operation.
VAUNT facilitates the sales process for real estate developers through a series of modules it provides for lead management, marketing campaigns, closing contracts, transaction tracking and more.
In the first 6 months of the year, 14 new Romanian residential developers started using VAUNT. In total, VAUNT customers manage over 20,000 units on the platform. The most important trends of this half of the year, according to data aggregated by VAUNT, indicate:
- Buyer's preference for 2-room apartments;
- Fewer but more valuable transactions - the average value of a transaction being approx. €115,800;
- The development of the city of Constanța as the next real estate hub, both for the residential market and for the other verticals.
The third quarter comes with positive results for VAUNT and its partners, who managed through the platform properties sold with approximately €103 million in transactions. VAUNT aims to expand its client portfolio both in Romania and in the region.
VAUNT Market, VAUNT's US expansion project
VAUNT Market emerged in a context where the local and regional markets have not yet fully stabilized, but the potential for return on investment is high.
VAUNT Market is a marketplace for properties in Europe, which also comes with know-how and support for those interested in purchasing one of the apartments curated by the VAUNT team. Interested investors currently have the option to sign up for a waiting list. After the marketplace is officially launched they will benefit from access to European properties, as well as advice on the purchase of an apartment.
"Romania's entry into the OECD brings benefits for the residential market. It will show that we are a stable country from an investment point of view, we will enter economic statistics, we will become much more attractive for new projects both residential and commercial or mixed," said Irina Constantin, CEO & Co-founder at VAUNT