How PropTech Is Evolving Within The Property Industry?


Over the last decade, there’s been an increasing number of real estate firms globally who have been focusing on identifying and incorporating digital innovations and solutions within their core business processes. Called PropTech, this technology is changing the way people buy, rent, sell, and manage homes, apartments, and commercial properties, ensuring both customer experience and increased sales remain the main goals of the property sector.What Is PropTech?A portmanteau of ‘property’ and ‘technology’, PropTech refers to technology that encompasses the various solutions involved in the growth of commercial real estate software. There’s no single solution or product that dominates the area of property technology. Some solutions are directed at real estate agents, while others improve the lives of renters and owners. Below are three of the most influential PropTech trends that are currently changing the game.Property platforms and appsOne of the biggest changes in the real estate industry over the past 2 decades has been the development of rental and purchasing mobile platforms. That means people no longer need to search newspaper classifieds or web listings before scheduling an appointment to check them out in person. Multiple images of each property along with floor plans allow searchers to exclude any that …

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