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....

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