Evaluating only ProptechCL3’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. Documented cause: Macro / political.
“Chile proptech must achieve BCCh rate-cycle independence through rental management subscription revenue — rental income is stable across rate cycles; transaction-linked proptech collapses in high-rate environments.”
Failure anatomy
Collapse type
Slow Death
🐌 LOW
Hype cycle
None
Moat type
Technology
Fatal mistake
Chile proptech third wave: BCCh raised rates to 11.25% (highest since 1999). Mortgage issuance fell 55% in 2022-2023. Property transactions -35%. Portal Inmobiliario (Schibsted/Adevinta) maintained 90% listings share. Arriendo (rental) market consolidated around Portal Inmobiliario and Yapo.cl. Triple rate-transaction-competitor barrier eliminated growth.