BFM BUSINESS interview

This issue of Tête à tête Décideurs is dedicated to an analysis of the real estate market, with insights from William Violet, Co-founder and CEO of Homiwoo.

With 956,000 properties sold in 2018, the real estate market is experiencing strong growth. Traditionally conservative in its decision-making processes, the sector is now undergoing a digital transformation to better assess property sale prices, rental values, and understand the dynamics of the market. "As early as 2017, we observed a real need among real estate stakeholders to streamline their decision-making processes and manage property assets in a more data-driven and financially oriented way. To meet this need, access to reliable and relevant market information is essential," says William Violet, Co-founder and CEO of Homiwoo.

As a French Tech start-up specializing in real estate intelligence, Homiwoo has, for the past two years, been providing its clients with fast and accurate decision-support tools to analyze and present data on the residential real estate market. "We’ve developed a scientific approach based on big data and machine learning. It allows us to calculate real-time prices and rents across France and to finely model the market in which a property operates. For example, a studio apartment in Paris and one in Marseille are priced very differently because the market dynamics are not the same," explains William Violet.

Certified by the global competitiveness cluster Finance Innovation in 2017, Homiwoo was brought in by one of the buyers for the Vesta operation initiated by SNCF Mobilités.

"The goal was to appraise 4,000 properties across France in order to determine their sale and rental values. Homiwoo’s tools not only enabled us to value the entire portfolio in under a week but also to calculate its potential for reversion. Thanks to the speed and accuracy of our solution, our client was able to strengthen their offer within the required timeframe," says William Violet. By providing high-performance, instant insights, Homiwoo enables its clients to make the right decisions and analyze a large number of projects simultaneously.

Impressed by the analytics platform, users can easily log in with their credentials and generate turnkey reports to guide their real estate strategies. Homiwoo’s ambition? To bring greater peace of mind to real estate decision-making. To further this mission, the start-up plans to expand its range of analytical tools and recruit passionate individuals ready to join the adventure.