The PPW Podcast
The PPW Podcast
Online Marketplaces Group
The Online Marketplaces team delve into the online real estate marketplace industry as well as the broader world of PropTech surrounding it. We bring you news, views and interviews from the industry as well as our own team's analysis of current events and trends.
What do AI-Powered Portals do Best?
Graham Paterson, CEO at Jitty, joins Harvey and Simon for a fascinating conversation about one of the world's first AI-powered real estate portals. Some great ideas thrown around this one, including two debates! How can you get listings with AI? Untangling language. A debate about Search. A teaser for Jitty's latest product update—"Collections"—and Simon's bold predictions for what revenue model Jitty will settle on... 0:00 Hello, intros, and Barcelona ticket update 2:20 Jitty 3:40 Why is it important to use AI to interrogate listings? 6:55 How does Jitty source listings? 9:00 How does AI help the searcher? "Understand properties better" 10:00 DEBATE Natural Language Search 17:45 What makes "Traditional Search Mechanics + AI" better for the searcher? 24:40 Three ways Jitty could make money 31:05 Jitty's Values 31:45 DEBATE pay-to-list models 37:00 Co-Piloting (and The Stanley Cup) 39:30 Outro
May 2, 2024
40 min
Is CoStar Overpaying for Matterport?
Simon and Harvey get together for a quick rundown of this week's biggest story—CoStar Group's acquisition of tech and data giant Matterport. But at $800 Million in cash and a further $800 Million in CoStar stock, has Andy Florance paid over the odds for a company that is spending $2 for every $1 it makes? 00:00 - Intros 00:50 - Macro level rundown 05:00 - Matterport losses are a challenge 08:50 - Can CoStar afford to be patient? 11:10 - Has Andy Florance undermined his own strategy? 12:00 - Does CoStar want to dominate Commercial in Europe? 16:00 - Similarweb performance of Homes.com and OnTheMarket 20:50 - Have prices gone up for future CoStar acquisitions? 23:00 - Will CoStar go big again, or revert to smaller investments? 25:30 - Final takeaways, European Conference update, and Goodbyes
Apr 26, 2024
28 min
Malcolm Myers on what investment seekers underestimate the most, AI, and CoStar doubts
Expect conversations about monetization models across markets, whether AI is the real deal for agencies, crying over Rightmove, cobwebs in the closet and—if you stick around until the end—an announcement about the European conference this autumn! 00:00 - Introduction 01:47 - Acquiring businesses, fast 05:37 - CoStar Vs Europe 17:35 - Major changes in the industry 19:12 - AI as an inevitability 30:30 - EIV and fundraising/investment stories 42:00 - Over-excitement, personality, and traits 46:15 - Things the industry should talk about more 47:40 - European conference announcement and Goodbyes
Apr 24, 2024
48 min
Lessons From the Early Days of Rea Group With James Gray
Ed and Simon are joined by former REA Group man James Gray to talk about lessons learned from the days of explosive growth of the Aussie market leader. They highlight the importance of content, consumers, and generating leads in creating a successful marketplace. They also discuss the evolution of the industry, from the early days of helping agents get online to the current focus on vendor leads. James suggests that marketplaces should consider separating vendor leads and having business conversations with advertisers to provide a different experience. They also touch on the challenges of industry conservatism and the need for marketplaces to adapt to consumer behavior
Apr 16, 2024
29 min
From Portals to Transaction Platforms with Juwai IQI Chair, Georg Chmiel
Ed and Simon are joined by Georg Chmiel, co-founder and chair of Juwai IQI, discusses the end-to-end digital transaction model. Georg highlights the importance of technology platforms in the real estate industry and the advantages they bring, such as transparency, volume, and higher quality of service. Chmiel also shares insights from his experience at REA Group and LJ Hooker, emphasizing the significance of understanding customers and the power of platforms. He believes that agent platforms can work in both developed and developing markets, as demonstrated by the success of Juwai IQI in China and Southeast Asia.
Apr 9, 2024
47 min
From an Ice Cream Shop to a Real Estate Unicorn
Ed and Simon are joined by Dubizzle Group co-founder & CEO, Imran Ali Khan. Imran and his brother Zeeshan started off their entrepreneurial journeys by experimenting with things like gyms and ice cream shops. These days the brothers run a Dubai-based online marketplace operator which was declared a unicorn in 2020 and is rumoured to be planning an IPO. In this episode, Imran tells us about the challenges faced along the way, different business models and what AI will bring to the industry in the future.
Apr 2, 2024
43 min
Are Number Two Portals Zoopla, Realtor.com and Domain About to Lose Their Places?
There has been a lot of talk about well-funded challenger portals in the industry recently and not a lot of positive press around the number two portals. Ed, Simon and Harvey take a look at number two portals Zoopla (UK), Realtor.com (USA) and Domain (Australia) to see which portal is most likely to come under pressure from challengers and which (if any) can challenge the established market leaders.
Mar 26, 2024
44 min
Is AI the New ‘Mega Change’ for Property Portals?
Recorded on stage at PropTech & Portal Watch Bangkok Ed, Simon and Harvey discuss the conference's big question... Is AI the next seismic change in the industry or a passing buzzword? Why did Simon change the conference name to include PropTech? What was the Startup day and how did it go? What ideas have we seen at the conference? Is AI the new seismic shift in the industry or just another interesting topic? What can listeners expect coming soon to the PPW Pod?
Mar 19, 2024
21 min
Real Estate Portals and AI
Ed and Simon are joined by Mal McCallion, the founder of AI consultancy ModelProp (and also a co-founder of the Prime Location portal in the UK) to talk about real estate portals and AI. - What AI features are portals building? - How will portals' business models be affected by AI? - Should portals bother with AI and voice search? - What is the role of agents in the new AI-enhanced industry?
Mar 12, 2024
34 min
The Past, Present and Future of Property Finder with Founder & CEO, Michael Lahyani
Property Finder founder and CEO Michael Lahyani joins Simon Baker and Edmund Keith. These days Property Finder is a billion-dollar market leader in the Middle East but it hasn't been a smooth journey to get there. In a candid interview, Michael discusses the history of Property Finder from its origins as 'Al Bab World' to REA Group's investment and divestment and the challenges of international expansion.
Mar 5, 2024
47 min
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