Published at: 2018-01-02 17:18 | Author: Petr Bořuta
PropTech is booming. According to the report of Oxford University 15 percent of all venture capital is currently going into PropTech. CB Insights reported that the amount of disclosed funding of real estate technology companies was just USD 221m in 2012, but had leaped to USD 2.6bn by 2016.
Something is happening here. And as it happens with anything that’s new, the whole movement is surrounded by baseless myths.

Myth #1: Real estate professionals should beware of PropTech

PropTech startups understand you. They get that it’s tough to get a grip on what PropTech really means. There isn’t even a definition on Wikipedia. But we can take a shot at it. Simply put, we can define PropTech as any digital-based solution that in the end improves real estate and its services for people....

Similar Stories:

Ghelamco secures building permit for new Łódź city center
Ghelamco Poland’s plans for a new Łódź city center are moving forward. The developer  »
Globalworth acquires Warta Tower in Warsaw
Globalworth Poland, formerly Griffin Premium RE.. N.V. (GPRE), has acquired the Warta Towe  »
HB Reavis joins Well Living Lab as a founding member of the lab’s global alliance
HB Reavis has joined the Well Living Lab as a founding member of the lab’s global allian  »
Tricity office take-up hits record 79,400 sqm in 2017
Take-up on the Tricity office market hit a record high of 79,400 sqm in 2017, up from a fi  »
Shopping centers accounted for 134,000 sqm of the growth. The biggest projects delivered i   »
Portland Trust has begun construction on Building C, the final phase of Oregon Park. A sig   »
Ghelamco has sold building B of the Warsaw Spire office complex for €100 m. The buyer of   »
While the development of fully mixed projects remains rare (few developments include a res   »