proptech

[ prop-tek ]

noun

1. digital technology developed for use in the real estate industry, including property management, construction, and finance and investment software (often used attributively):

   proptech startups;

   the proptech sector;

   sellers utilizing proptech to ascertain their market.

2. a company that develops technology for the real estate industry or that integrates such technology into its products or services:

   Investment in proptechs has slowed.

Word History and Origins

Origin of proptech¹

First recorded in 2015–20; prop(erty) ( def ) + tech(nology) ( def )