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:

WeWork's first Prague office to open in spring
WeWork will be opening its first center in Prague in the Drn center on Národní třídě  »
Third phase of Nordic Light offices underway in Budapest
Photo: Skanska.hu Skanska broke ground on the third phase of its Nordic Light office compl  »
Navigator Business Center 2 underway in Belgrade
MPC Properties started construction on its new facility Navigator Business Center 2 in Bel  »
Teleperfomance to lease 2,300 sqm office in Vilnius
The French company Teleperfomance has agreed to lease 2,300 sqm of office space in Busines  »
on behalf of a separate account for a German pension scheme, administered by Institutional   »
Czech Republic  ♦  100 Towers lands Táborská 31
The growing collection of Czech domestic investors that’s become such a force on the loc   »
Romania’s tallest building, the 137m Sky Tower in Bucharest, is to be surpassed next yea   »
Shopping centers accounted for 134,000 sqm of the growth. The biggest projects delivered i   »