UBS invests in home ownership startup Houzy

As part of its platform business model for property owners, UBS has invested in Houzy, a Swiss startup that offers users tips and tools to handle renovations and likely costs.

The interest in Houzy follows the recent launch by UBS of key4, an open online platform for financing and maintaining owner-occupied homes and housing.

Houzy offers homeowners individual recommendations for managing their property, tapping an expert resource base of 500 professionals from ten sectors. For example, it tells subscribers when their heating system should be renovated and how much money they should set aside for the purpose. The firm currently claims 15,000 registered users.