We all know how good real estate is but not many have an idea of the size which this market has on a world scale. The latest report on "Real Estate Market Size 2019/2020" by MSCI, sizes it at USD 9.6 (RM38.4) trillion, best is, this value refers to the professionally managed properties only. This massive market has been traditionally slow to adopt technology, but the last 35 years have seen a remarkable transformation. From the early days of property listing websites to today's AI-powered platforms, PropTech has evolved dramatically through four distinct phases. The journey began with PropTech 1.0 (1986-2000) focusing on basic digitization, followed by PropTech 2.0 (2000-2010) with the internet revolution, PropTech 3.0 (2010-2020) with mobile and social media, and now we're in PropTech 4.0 characterized by AI, blockchain, and sustainability.
news · 14 November 2021
35 Years of PropTech: Fostering A Bright Start To PropTech 4.0
We all know how good real estate is but not many have an idea of the size which this market has on a world scale.