NEW YORK CITY—MetaProp NYC has created an index measuring the health of the real estate technology market from the perspective of active real estate technology investors and startup founders worldwide. The initial results of the Global Real Estate Tech Confidence Index were positive.

“We found that 90% of investors intend to make either the same amount of investments as last year or more in 2016,” reports MetaProp NYC co-founder and managing director Aaron Block. “Founders and investors expect that the real estate tech market will grow more competitive during 2016, with more startups chasing a larger pool of venture capital funding. We also see indications that the market is continuing to expand across asset types, with 40% of startups disrupting multiple asset types and about a third of investors expressing interest in technologies focused on multi-use, leisure, and others.”

For the survey, MetaProp NYC polled real estate tech investors and founders globally on their expectations for future market conditions as well as company growth. The research found that investors are significantly more confident about the real estate tech market (9.1 out of 10 confidence index) than entrepreneurs (5.4 out of 10 confidence index). Investor sentiment is driven by confidence in expected deal flow and expectation of more M&A activity, while founders are more concerned about the fundraising environment.