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.