Proptech is maturing into more than just a buzzword, but do the start-ups and the investors backing them think there is still growth in the market?
30 May 2017 – by Emily Wright
Last year saw the globalisation of the rapidly maturing proptech sector.
With a boom in start-ups across Europe, Asia, South and Central America, Canada and Australia, New-York based real estate accelerator and investor Metaprop NYC predicts that the number of proptech companies across the globe will double over the next three to five years.
But quantity doesn’t equate to quality. And with a spate of M&A announcements expected this year and beyond as the sector continues down an inevitable path of consolidation, what do the start-up founders and investors really think the future of the sector is likely to be? Will proptech continue to be a lucrative, growing asset class for risk tolerant investors? Or has activity reached a natural peak?