PropTech

PropTech is the collective name for the technology enabling the digitalisation of real estate markets. It covers wide range of innovative new solutions, designed to streamline the process of buying, selling and managing properties; it has been adopted by landlords, lenders, property brokers and estate agents alike.

 

Smart home technology is a big segment of PropTech. This includes digital platforms for monitoring and managing properties, including temperature and light regulation and security systems to detect threats and intruders.

 

PropTech also includes real estate sharing platforms such as automatic online payments, and real estate FinTech for buying and selling assets – technologies utilising blockchain and the cloud – that allow for smoother transactions and minimised costs.

HOW BIG IS THE PROPTECH MARKET?

22/11/2019 | PROPTECH NEWS

PropTech’s market size has grown exponentially over the past decade and a half. Why? It’s working to disrupt the property market – which has historically been a dinosaur of an asset class.

 

Using technology to disrupt age-old systems is nothing new. FinTech has democratised and simplified the finance sector (think Monzo and Funding Circle), MedTech has mobilised the world of health (think Babylon’s GP at Hand app) and even RecTech has changed the way talent is recruited and retained (yes, LinkedIn).

5 WAYS SMART BUILDINGS ARE CHANGING REAL ESTATE

22/11/2019 | PROPTECH NEWS

Real estate developers need to diversify. The reasons are clear: construction costs and land prices are rising, and new building projects are under increasing public pressure, scrutiny and oversight.

 

The solutions are clear, too: investment in smart buildings creates efficiencies, reduces costs, increases tenant satisfaction and improves energy performance.