Monday Reflection: Traditional Real-estate is geared for transformation

The African real estate industry has been experiencing a significant shift in recent years, particularly in operational real estate. The adoption of data-driven systems has become a compulsory need to survive in the next decade, with an increasing number of investors recognizing the potential benefits of proptech solutions.

Since 2019, over $50 million has been invested in proptech in Africa, with a focus on remote maintenance management, asset performance measurement & tracking, market data management, security & privacy, and rental experience. These investments are expected to lead to an increase in transparency and efficiency in the industry.

One of the potential benefits of proptech solutions is the ability to gather and analyze data from customers. This data can be used to inform the market about their requirements, such as the best way to plan towns efficiently and create better access to housing. With the help of artificial intelligence, this data can be used to identify patterns and trends that can inform decision-making and lead to more effective and efficient use of resources

Furthermore, proptech solutions can enable customers to have more control over their rental experiences. Companies are beginning to  offer flexible payment options and low-interest loans to renters, while also providing tools for landlords to verify tenant data. With these tools, renters can have greater financial stability, while landlords can have more confidence in their tenants. 

Overall, the adoption of proptech solutions in the African real estate industry is expected to bring about positive changes, including increased transparency, efficiency, and customer satisfaction. As more investors recognize the potential benefits of these solutions, it is likely that we will see further growth and innovation in the years to come.