PropTech

Industry

Definition

Property Technology — the broad category of software and tools that innovate in the real estate industry.

PropTech encompasses all technology applied to real estate: AI valuation, virtual tours, digital transactions, smart home tech, and property management software. The sector attracted $15B+ in venture capital in 2024. Subcategories include Residential PropTech, Commercial PropTech, ConTech (construction), and FinTech for real estate. AI is the fastest-growing segment within PropTech.

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