proptech
Americannoun
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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.
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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.
Etymology
Origin of proptech
First recorded in 2015–20; prop(erty) ( def. ) + tech(nology) ( def. )
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Nicholas Mak, chief research officer at proptech company MOGUL.sg, said there were limitations to the measures if just 10% of purchases were affected.
From Reuters ● Apr. 27, 2023
The company likely doesn’t need to, said Clelia Warburg Peters, former president of Warburg Realty, who is now what is known as a proptech investor.
From Seattle Times ● Dec. 21, 2021
Elistratov said his "optimal model, scenario" envisaged changing the perception of his business from a traditional residential property developer to a property technology, or proptech company.
From Reuters ● Nov. 29, 2021
LaSalle, a unit of Jones Lang LaSalle Inc, has tracked about 190 proptech companies launched over the past three to four years.
From Reuters ● Jun. 5, 2018
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
