Some examples of property technology include property management using digital dashboards, smart home technology, research and analytics, listing services/tech-enabled brokerages, mobile applications, residential and commercial lending, 3D-modeling for online portals, automation,[5] crowdfunding real estate projects, shared spaces management,[6] as well as organizing, analyzing, and extracting key data from lengthy rental documents.
[8] Advances in the residential side of real estate technology encompass some target areas, but generally aim to reduce friction in the purchase, sale, or rental of a property.
[13] From 2008 onwards, the widespread availability of high speed internet meant that real estate companies could move more of their data and services online.
The rise of digital technology during the 21st century has led to the development of a sharing economy, where applications such as ridesharing platforms became common.
[15][16] The pandemic helped to drive e-commerce and resulted in the closure of many traditional retail stores, which has impacted the commercial real estate industry.
[18] Post pandemic, proptech is increasingly influenced by wider societal concerns, such as town planning, and public sector applications.
[20] During the 2010s, numerous property technology startups were created, dealing with aspects of real estate such as design and construction, listings, and transactions.