PROPTECH OPPORTUNITIES ARISE
LEGALTECH AND FINTECH WILL PROVIDE A BASIS FOR RAPID GROWTH IN PROPTECH
By Claire Hardy
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.
Creating building blocks for a smarter city
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.
Video provided by our Real Estate Intelligence Partner - Cityscape Intelligence
PROPTECH FUTURE INSIGHTS - MENA EDITION
Attend the Proptech Future Insights - Mena Edition summit that will convene a stellar assortment of real estate and construction professionals from residential, commercial, hotel, logistics and land among others to shed light on technological advancements and transformations driving the industry.