The Year Ahead For Proptech

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The last 2 years have taken a toll on many businesses but amid the gloom, there are also stories of some sectors that shone brighter than ever before. 

Examples include retailers that were able to stay open through lockdowns thanks to their essential services status, online food ordering, and industrial real estate, which became hotter than ever as e-commerce skyrocketed. 

Property technology (proptech) deserves a seat at that table, too, per the Motley Fool. 

Proptech Trends in 2022

Treading forward, many real estate functions will go back to worldly ways, while the mundane chores no one wants to do in person will continue to be handled virtually. 

Integrating The Two Worlds

But since virtual stuff has a limit when it comes to experiencing a property, expect to see an increase in proptech tools designed to integrate the virtual and physical sides of homebuying as seamlessly as possible.

So instead of one app for scheduling site visits, another for financing, etc., expect a move toward full-stack service platforms that can help coordinate the entire homebuying cycle in one place.

Facilitating Income From Assets

The pandemic has changed the way we live and work, leading to big shifts in the way we operate today, affecting the way we use real estate. 

From remote offices, to storage space and the shared economy, proptech tools in the near future will focus heavily on letting property owners offer their vacant spaces - from tiny to huge - for various suitable uses, unlocking new streams of income. 

The Startup Environment Is Lit

The recent past has thrown many new problems at us but it's also made many old problems more pressing. The good news is that this has led more entrepreneurs to find solutions to them.

Whether its selling property, leasing out a space that hasn't been performing well, or solving an entirely different real estate puzzle, there's a good chance a proptech startup has created something that might help. 

💡 If not, you may have just unravelled the next million-dollar idea in proptech.