The emergence of new technologies has allowed the development of PropTech. Indeed, there are many Startups that develop virtual reality for real estate. For example, you can visit a property through a virtual headset that will show you the interior of a house, an apartment, an hostal…etc Blockchain is also used to secure financial transactions when buying a home, reducing the risk of fraud for the buyer.
According to CBInsights, the Proptech Startups raised around $7 billion funds in 2016. And as we can see on the chart below, we are witnessing an explosion of funding in this sector.
Since it started a few years ago, the PropTech has become an unavoidable and strategic mean in the real estate sector, in order to be competitive and to always stay up to date of the new needs of the customers.