Experts seek regulation for property technology
Following the projection that proptech will attract about $20billion to real estate industry in 2019, experts have asked the federal government to put in place policy and regulatory framework that would enhance performance of property technology sector and help start-ups overcome challenges faced in their operations.
This was the position of experts who gathered at the Nigerian Property Technology Conference held at the Eko Atlantic City. Specifically, they believed that if the real estate space could have crowd funding regulations, prompt accessibility to the data base of states and federal government in terms of housing data, mortgage volume and number, among others, the industry will witness tremendous growth.
Proptech is technology enabled in the real estate industry; it touches areas like planning of buildings and property management for efficiency and smartness in a shared economy. It involves the block chain technology, artificial intelligence, crowd funding, and Internet of Thing (IOT), which are basically the future of the industry.
Read At https://guardian.ng/property/experts-seek-regulation-for-property-technology/