Are you confused with #PropTech enough to dismiss it?

August 25, 2017

So we have #PropTech and also #RealEstateTech and it is all rather currently busy with these words in this multi billion pound UK property industry, but is it all just a bit too confusing? When you start investigating things we also have #FinTech, #FoodTech, #AgTech, #FashionTech, #SustainableTech, #WineTech, #CarTech, #ConstructionTech and many more besides which all in all tell us that more or less every industry has a hashtag tech advancing each sector with innovation and newly formed start ups globally. So, what about the UK property industry, just what is proptech and what does it cover?

Being involved in proptech with the newly formed and already busy #PropTechDen events in London, I can see that proptech covers many different topics within the UK property sector from softwares for facilitating fault reporting to security systems for commercial buildings. Not only does proptech deal with solving problems within the industry it also opens new systems to enhance and improve things, it is software development to electronically themed, it touches upon residential to commercial property, improving environment within construction to advancing communications… So is it no wonder that many people are still confused to exactly what it is.

Maybe there should now be a breakdown of #PropTech to divide it in to parts that attract the interest of specific sectors of the UK property industry? There is certainly enough money floating about now in this sector, back in 2015 real estate tech startups around the globe raised $1.7 billion worth of investments and in 2017 the industry is alive with start ups in proptech, tech hubs hosting them and events dedicated to them. We already have the likes of #ConstructionTech and #BuildingTech and we can assume and agree that proptech deals mostly with the process of buying, renting and selling of commercial and residential property – so maybe we should have it now in sections such as: marketing, security, portals, commercial, residential, lettings and more?

 

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

Residential projects remain under pressure

Infrastructure keeps UK construction moving through a sluggish spell Residential and non-residential projects remain under pressure, while infrastructure and utilities work give the industry a much-needed lift The value of underlying work starting on-site during the latest three months declined 2% and stood 18% below last year’s levels. Residential construction starts fell 8% against the…
Read More →
Breaking News

Homebuyers hold tight ahead of Autumn Budget

but should they wait to make their move?   The latest research from Yopa has revealed that mortgage market activity has reversed in recent months, with approvals falling at an average monthly rate of 3.9% over the last four months, having previously increased by an average of 1.5% per month over the previous four months, suggesting…
Read More →
Breaking News

House price growth accelerates in Q2

The latest Property Market Index Review by London lettings and estate agent, Benham and Reeves, has revealed that the property market continued to build momentum during the second quarter of 2026, with UK house prices increasing by 1.1%, while London recorded a second consecutive quarter of positive growth.   The Benham and Reeves Market Index Review…
Read More →
Breaking News

House prices hold steady despite impact of higher interest rates

House prices were unchanged in September (0.0%), following a -0.3% fall in August The average property price is now £298,441, compared to £298,395 in August Prices were also unchanged annually (0.0%) compared with September last year Northern Ireland continues to lead UK annual growth, at +7.4% Latest first-time buyer prices reveal what a 2.5% deposit…
Read More →
Breaking News

Breaking Property News 5/10/26

Daily bite-sized proptech and property news in partnership with Proptech-X. Architect-founded KnowYourNest brings property scores into the home search, with a free 1–10 score and full KnowYourNest reports from £9.95 By Author Andrew Stanton CEO Proptech-PR NestLink today launches free NestScore checks and KnowYourNest property intelligence reports for buyers and homeowners across England and Wales.…
Read More →
Breaking News

Gap between house prices and earnings narrows

Gap between house prices and earnings narrows – but higher borrowing costs limit affordability gains UK’s house price to income ratio falls from 7.6 to 7.3, an 11-year low, as earnings continue to outpace house price growth For first-time buyers, homes now cost less than six times earnings, falling from 6.1 to 5.9 However, monthly…
Read More →