In this episode of the PPW podcast, the hosts discuss key insights from the PropTech and PortaWatch conference in Bangkok. They explore the concept of the Dominant Advertising Portal (DAP), emerging business models in the region, the importance of clear messaging in real estate, and the evolving role of AI. The conversation also touches on the need for honesty in business presentations and the future of property portals in the age of agentic search.

Edmund Keith, Simon Baker, and Toby Chapman discuss the evolving landscape of real estate marketplaces, focusing on the role of AI and the potential disruption it poses to traditional property portals. They explore how AI can transform search experiences and the importance of adapting to new technologies to avoid complacency in a rapidly changing market.

In this episode, Edmund Keith and Simon Baker engage with Toby Chapman from OC&C Strategy to discuss the dynamics of real estate marketplaces. They explore the role of OC&C in the industry, the challenges faced by property portals, and the implications of the REA and Rightmove deal. The conversation delves into vendor paid advertising, the sustainability of traditional business models, and the impact of CoStar on the market. Additionally, they compare the US and UK real estate markets and debate centralized versus decentralized strategies in marketplace operations.

Simon and Ed are joined by Ricardo Frechou, CEO of 360 Latam, who discusses the challenges and transformations within the Latin American real estate market.

They discuss the recent revenue drop at 360 Latam and the strategic shift towards a new business model centered around the Iris platform. Ricardo elaborates on the importance of adapting to market conditions, the potential for scalability, and the future aspirations for an IPO. The discussion also touches on shareholder concerns and the overall valuation of 360 Latam in the context of its parent company, Frontier Digital Ventures.

In this episode of the PPW Pod, hosts Edmund Keith, Harvey Hancock, and Simon Baker discuss significant developments in the real estate marketplace and prop tech sectors. The conversation covers CoStar's bid for Domain, the competitive landscape in the rental market between Zillow and CoStar, PropertyGuru's restructuring efforts, and highlights from the ongoing financial reporting season. The episode concludes with insights on CEO changes in the industry and the strategic considerations for selecting new leadership.

Simon Baker and Malcolm McCallion discuss the transformative impact of AI agentic search on the real estate industry.

They explore the differences between generative AI and agentic AI, emphasizing the purpose-driven nature of the latter. The conversation delves into how agentic search democratizes property searches, the implications for traditional real estate portals, and the future of search technology, including voice interaction and personalization. They also consider the potential for AI to disrupt existing business models in real estate, leading to a post-aggregator world where consumer experiences are tailored and efficient.

In this episode of the PPW pod, host Edmund Keith and Simon Baker interview Theo Mseka, CEO of Private Property, discussing his extensive career in real estate portals, the challenges of building an Automated Valuation Model (AVM) in South Africa, and the competitive landscape of the real estate market. They explore the impact of regulatory changes, the importance of understanding local markets, and the future plans for Private Property, emphasizing the human element in real estate transactions.

Summary

In this conversation, Edmund Keith and Simon Baker engage with Christophe de Rassenfosse, discussing the evolution of real estate portals from traditional search engines to engagement platforms. They explore the shift in user behavior towards mobile apps, the importance of consumer engagement, and the concept of a searchless experience. The discussion highlights the need for real estate portals to adapt their business models to prioritize consumer needs and preferences, moving away from outdated practices that focus on maximizing impressions and leads.