PropTech – Disrupting The Real Estate Sector

"PropTech" is an abbreviation for Property technology. PropTech means any application in the real estate sector, be it 3D visualizing, home matching tools, crowdfunding in the RE sector, fintechs related to real estate, shared economy, smart cities, smart homes, artificial intelligence, smart contracts or building information modeling.

The new technologies all aim to make our lifes easier and we certainly all have already used the one or other PropTech application.

Not all applications succeed, but those who do, massively disrupt long-established businesses such as e.g. the hotel and tourism sector or the real estate agents-sector. Some react with legal arguments, others try – where possible - to integrate the new technologies in their business models.