What's the Future of Proptech Development?
- Antanas Grigas
- Aug 4, 2020
- 1 min read
Updated: Dec 19, 2020
The current COVID-19 crisis has upturned industries globally. And while we are yet to understand the full extent of the disruption caused by the pandemic, one thing is clear: COVID-19 gave rise to innovation on a scale never seen before. One of the more prominent examples of industries that started to bloom in this fluctuating environment is proptech. Let’s explore what proptech is and how it’s bringing innovation to real estate.
What Is Proptech?
Proptech is a coinage of words “property” and “technology,” and it’s a collective term used to describe technology that innovates the real estate industry. Proptech solutions facilitate and redefine how people rent, research, buy, manage, and sell properties. Proptech supports operations in residential and commercial real estate; benefitting investors, brokers, developers, and customers. Read more.
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