As proptech startups rake in investor cash, could COVID-19 mean a permanent change to the ...

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Team MONEYME|23 February 2021| 1 min read

The proptech industry has been building momentum for a number of years, with many homegrown Aussie solutions catching the eye of investors.

But, while the COVID-19 pandemic has changed the way we work, learn and socialise, could it also have a lasting effect on the way we buy, sell and manage property?

On the one hand, in this environment, anything that facilitates business-from-a-distance is a winner. On the other, the challenging economic times are widely expected to have a depressing effect on the property markets.

This week, two protech startups announced significant funding rounds, with :Different pocketing $7.1 million, and Sorted securing $5.6 million for its tech automating transactions between property managers and tenants.

So, is the writing on the wall for the real estate space? And does COVID-19 mean a shift to tech-savvy practices is on the cards?

Read the original article here.