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Part 2: Seven Reasons Why 2018 Proved To Be Proptech\’S Year

Last week I discussed four of the seven why 2018 was a good year for PropTech – carry on reading for the rest. Corporate real estate companies now recognise there is a third option to the ‘build or buy’ approach: collaboration. Many are now building closer relationships with technology businesses, enjoying rapid benefits as a result. Technology businesses are building collaborative eco-systems to quickly assemble end-to-end solution from multiple vendors. Given the tough macro-economic landscape, some construction companies are now exploring how technology can help maintain or grow their tight margins. PropTech is now being reframed as technology relevant to the whole built environment. In CB Insights’ recent briefing on The Rise of Real Estate Tech, they tracked funding in FinTech against PropTech.

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