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proptech
[ prop-tek ]
noun
- 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.
- 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.
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Word History and Origins
Origin of proptech1
First recorded in 2015–20; prop(erty) ( def ) + tech(nology) ( def )
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