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

Letting Agent Talk

Advice for London landlords and tenants ahead of the Renters’ Rights Act implementation

Phase one of the Renters’ Rights Act (RRA) comes into force on 1 May 2026, and with it brings about the most significant overhaul of the private rental sector in a generation. While the Act will see new responsibilities introduced, it will also offer an opportunity for landlords to strengthen their practices with a clear…
Read More →
Estate Agent Talk

Budget-friendly ways to boost your chances of a successful spring house sale

With many households feeling the pressure of changing global economic conditions, tighter finances, and the high costs associated with moving, such as Stamp Duty, legal fees and removals, selling a home can currently feel like challenge. At the same time, spring traditionally brings a surge in buyer activity. Longer days and better weather tend to encourage more viewings,…
Read More →
Letting Agent Talk

Expert Reacts To Renters’ Rights Act Ahead of Changes This Week

The Renters’ Rights Act comes into force this week (1st May), introducing major reforms to tenancy structures, eviction rules, and tenant protections across England. The changes will reshape how landlords manage properties and how tenants experience private renting, with significant implications for student private rentals and the wider rental market. Ahead of implementation, Owen Dixon,…
Read More →
Breaking News

52% of buyers are cash purchasers – and they’re ready to move

New research from LRG reveals that sellers entering the spring market are meeting an unusually large pool of cash-ready buyers, many of whom aren’t constrained by affordability, but by a lack of suitable homes. According to LRG’s Spring 2026 Sales Report, based on a survey of 307 buyers and sellers across England and Wales, more than…
Read More →
for sale sign london
Breaking News

Landlords sell up as Renters’ Rights prove final straw

Leading Kent and London law firm Thackray Williams have had a wave of last-minute instructions from landlords looking to sell their portfolios ahead of the Renters’ Rights Act coming into force this Friday. The litigation team has been instructed to seek possession by landlords wishing to sell their entire buy-to-let portfolios, as well as last-minute…
Read More →
Breaking News

Breaking Property News 27/4/26

Daily bite-sized proptech and property news in partnership with Proptech-X. Will AI change the way we search on property portals? Thought Leadership by Andrew Stanton, CEO Proptech-PR Rightmove: the UK’s most profitable proptech Rightmove is widely seen as the UK’s most profitable proptech, generating £300m+ annually with operating margins around 70%. Even with slight recent…
Read More →