A: The aim of proptech (property technology) initiatives includes using real estate technology to reduce paperwork or make transactions more efficient and faster.
And while we have seen the transition starting to take place – with a slight move from traditional real estate into big data in recent years – the pandemic was the real driving force that caused property companies to make dramatic switches overnight.
Remote access has been the most prevalent shift from traditional methods to digital ones. The construction sector transitioned from physical site walk-throughs to drone tech and even GoPros on hard-hats, while estate agencies have turned to WhatsApp video calls for property viewings and virtual tours. – Richard Gray, chief executive at Harcourts South Africa