As the adage says, yesterday’s science fiction is today’s science, and this statement accurately reflects the development in the domain of property technology.
Though the centuries-old real estate industry has historically lagged in digitalisation, the growing property tech domain is changing this paradigm. Investment in the sector has perpetually grown over the past few years, highlighting its role in mitigating the turbulence brought about by the covid-19 pandemic. The market is expected to grow to US$ 86.5 billion by the end of 2032, growing at an unprecedented rate of 16.8% CAGR annually.
As some aspects of society begin to settle back into their pre-2020 rhythms, housing affordability crises, changing fiscal policies, and inflation are crawling into day-to-day lives. This scenario has propelled players in the proptech sector to innovate and offer ways to remain a step ahead of these challenges.
This evolution, coupled with strengthening environmental regulations, is opening doors to numerous opportunities for proptech to shine. As the proptech landscape snowballs, real estate professionals and companies must have their fingers on the pulse of the latest technological development, consumer expectations, and dynamic market narratives.
In the pursuit of educating industry leaders about the latest developments in Europe’s proptech segment, PropTech Outlook’s latest edition focuses on property technology. The edition features the Top 10 PropTech Solutions Providers in Europe - 2022, such as Qobrix. These companies are reinventing real estate with their industry-leading proptech solutions and enabling real-estate businesses to offer property buyers a seamless experience.
This edition also features thought leadership articles by Robin Leow FRICS, MSC (Real Estate), MSc (Mgt), Executive Director, Head of Facilities Management, Savills Singapore, Natasha Patel, UK Head Of Innovation & Insight, Avison Young, and John Currie, SVP of Operations, Weichert Realtors, sharing their views on the influence of technology on the real estate industry and the emerging challenges for estate agents and brokers.
We hope the valuable insights from industry thought leaders and the cutting-edge solutions from the featured companies in this edition help you make informed decisions. Let us know your thoughts, and write to us about how you leverage these proptech solutions in your organisation.