Hello Krystel, hello Loeiz. Can you introduce yourselves and explain what you do?
Krystel: Foncia Immo Neuf was set up in 1996 and is a subsidiary of the Foncia Group. It is dedicated to promoting relations between developers, marketers, investment customers and the Foncia Group’s local and regional agencies. I am the company’s President.
Foncia Immo Neuf relies on the Foncia Group’s organisation, products and services, particularly in terms of commissions for management, unpaid rent guarantees and equity occupation guarantees. We bring our added value into the rental market studies requested by our partners in order to consolidate their real estate projects.
We also manages the rental of delivered housing, thanks to a dedicated team that specialises in letting properties that are not yet complete.
Management activities in new buildings, both for communal and private areas, require a particular know-how. This is something that we have developed over the course of the last 25 years.
In order to instil a sense of overall coherence, we systematically suggest that our partners introduce us to customers in order to manage the common parts of their co-ownership.
Loeiz: PriceHubble is a PropTech company that specialises in big data and AI for property markets. I am the company’s Director for France. We develop the best digital real estate valuation and analysis solutions on the market, serving professionals in the sector.
We have been in business for almost five years. We have just passed the 80-employee mark (including 22 in Paris). We are now present in five countries and have offices in Paris, Zurich, Berlin, Vienna and Tokyo.
How did you hear about PriceHubble, and how did you meet?
Krystel: I attended the PriceHubble presentation at the Promoters’ evening organised by Izimmo, our common partner. Loeiz immediately set aside the time to discuss potential avenues for joint development with us.
Loeiz: We met Krystel thanks to Sébastien Le Goascoz, President of the Izimmo Group, at the Promoters’ evening that the Group (a subsidiary of ARKEA) organises every year. Nothing beats a common partner when it comes to making the right connections.
Why did you choose PriceHubble in particular, and what internal needs needed to be met?
Krystel: PriceHubble is by far the most advanced company in this market. The integration of its technology into our studies process allows us to make gains in the speed and diversity of our sources, while challenging our studies and the experts who perform them.
What is the added value of your partnership?
Krystel: Our partnership allows PriceHubble to challenge its algorithm thanks to our databases and precise knowledge of the rental market across France. In this way, we are affirming the relevance of the association between man and machine.
Loeiz: PriceHubble enables new real estate players such as Foncia to accelerate and digitise their property analysis and valuation process.
The time-consuming tasks connected to data collection, mapping or analysing the market environment become automated using our solutions. This means that an expert can concentrate on the tasks with the highest added value, namely providing their business knowledge to detect the specificities of a property, or positioning a property within their market.
What is the future of your collaboration?
Krystel: On the strength of our successful PriceHubble experience, we have decided to systematically integrate them into all of our studies. We have also opted to develop the partnership across the Foncia group for its other business areas (transactions, formerly rental management).
Loeiz: Our next step will be to incorporate PriceHubble’s analysis solutions into Foncia Immo Neuf’s business tools and the rental properties valuation process. This will make them available to all of the links in the value chain: the valuer, the developer and the individual buyer. At the same time, we plan to roll out PriceHubble solutions to all Foncia Group businesses. Watch this space!