At the recent virtual Africa Proptech Forum  and Jo'burg leg of the Connect Global Proptech festival, local and global industry experts shared insights and proptech trends for the growing sub-sector, and its implications for Africa's property industry.

As one of the few sectors predicted to emerge on a stronger footing post Covid-19, proptech and the rapid adoption of its applications and services by the property industry will reshape the entire real estate value chain. From property and facilities management, brokerage and agency, construction, transactions and more, real estate firms, investors, financiers, developers, startups and tech players across Africa are all investing in and developing innovative solutions and products ready for use.

Some key proptech trends that were identified at the events included:

-Key Covid-19 related technologies are being implemented across existing buildings including thermal cameras, contactless access points with Bluetooth/mobile integration, automated control systems for air filtration and office occupancy tracking hardware and software.

-Technology is helping to cut out the middleman through peer-to-peer services or products, crowdfunding and the sharing economy.

-Technology is driving innovation in property uses through cloud working, co-working, immersive technology (e.g. VR &amp; augmented reality) and the online retail revolution, including click &amp; collect or delivery.

-Property is becoming more and more of a service rather than just pure GLA. What is being delivered to the end user needs more consideration – technology will have a greater role to play in enabling this environment in terms of how tenants interact with their space.

-First key adoption for REITs / larger portfolios has been in property and facilities management, with applications for smart/electronic meters, water meters, sensors etc. This is continuing the drive to automate and digitise the manual property management processes.

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