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Proptech opportunities arise

Video-Proptech opportunities arise

Video first published on 01 March 2020

The real estate industry is on the cusp of technological upheaval but is playing catch-up with more innovative sectors. 

In real estate transaction speeds are significantly lower because of the enormous legal hurdles in place, no matter what the geography is. Nonetheless, a case can be made that both LegalTech and fintech will provide a basis for the rapid growth in proptech.

Globally, significant proptech opportunities arise from two areas, the first, a $3 trillion market over the next 20 years for Smart Cities, and the second, the estimated additional value to the world economy of $300–$400bn from blockchain alone. Additionally, proptech can bring greater social benefit by harnessing Big Data to understand the interplay between infrastructure, human activities, and the broader urban environment.

Read the full article here

 

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