The real estate industry has undergone a significant transformation in recent years, thanks to the rise of proptech. Proptech, or property technology, refers to the use of technology to streamline and enhance various aspects of the real estate industry. From property management to transactions, proptech has disrupted traditional practices and paved the way for a more efficient and transparent real estate market.
One of the most significant impacts of proptech on the real estate industry is on transactions. Traditionally, real estate transactions were time-consuming and involved a lot of paperwork. However, with the advent of proptech, the process has become much smoother and faster.