PropTech is an abbreviation of “property technology” and refers to a wide range of digital technologies designed to optimise and transform the way properties are bought, sold, rented, and managed. Some examples of PropTech include:
- Property portals for advertising and searching for properties
- Analytical software for property valuation
- Virtual and augmented reality for virtual home tours
- Software and artificial intelligence to create rendersA render is a digitally created image or video that shows a 3D representation of a property. It allows people to visualise the space without needing to be physically present. In real estate, it is mai... More of interior spaces
- Property management software
PropTech plays an increasingly important role in the property sector, using the latest technologies to make it more efficient and accessible.
