Property developers are under pressure to reduce costs and risks, while improving efficiencies.
The rapid technological advances of the last decade and the emergence of the shared economy have democratised a range of services including shopping, job hunting, renting rooms and taxis, putting power firmly in the hands of the consumer.
I wandered lonely as a geek on a virtual research tour through Putney recently, rather appropriately using Google Street View.
As Property Week’s report on the growth of the UK proptech market showed, there is no denying the attention technology is receiving in the real estate industry. This buzz is supported by serious investment: a global funding of proptech firms soared 62% in 2017 to £8.5bn.
The rise of technology is transforming the property industry and presents opportunities to innovate/
Earlier this month Silver Lake, a US private equity firm, offered £2.2bn to buy Zoopla Property Group (ZPG).
Digital connectivity plays a critical role in powering the UK’s small and medium-sized enterprises. However, in a survey on workplace productivity last year, 24% of UK employee respondents noted that slow technology was preventing them from doing their job well.
The first mention of proptech in Property Week was in November 2014, when we asked: what exactly is proptech and just why are its proponents so excited about its potential?