PropTech
PropTech is technology applied to property: listings and transactions, building management, construction methods and the data behind valuation and leasing.
Why It Matters
Property is a large industry with low technology spending, which is the opportunity, and its long transaction cycles are why adoption is slow.
Related Terms
- Real Estate TechnologyReal estate technology covers the systems used to design, build, operate and trade property, from modelling and sensors to leasing and payments platforms.
- Property ValuationProperty valuation is the estimation of what a building is worth, from comparable sales, from the income it produces, or from the cost to replace it.
- Real Estate DevelopmentReal estate development is the process of taking land through planning, financing and construction to a finished, occupied building.
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