Trend Talks 4: Impact by PropTech

Curious Futures are so close to us

In Trend Talks 3: PropTech Technologies we emphasized the huge effect PropTech might have Sustainablity in general, and the 17 Sustainability Development Goals of the UN 2030 in particular. 

We mentioned that technologies must have a huge environmental impact in reducing carbon dioxide emissions, saving limited natural resources, and cleaning the polluted air, water, and ground. For instance, the profound impact HVAC systems can have on purifying air in buildings in a pandemic situation we have been recently in. Even in this case the solutions are created by PropTech technologies. 

Which are other areas of our everyday life and business PropTech impacts?

For years, science has told us what we should put in our bodies; only now has interest turned to what we are putting our bodies in. PropTech solutions which measure air quality, water quality are already common in many European countries. In most cases such solutions apply software and hardware technologies with a predominant focus on IoT (Internet-of-Things) through sensors.

By 2024 the global IoT sensor market is estimated to be USD 8 billion. It will include connectivity between unit sensors and platforms that record their indications; sensors of temperature, pressure, humidity, movement; accelerometers, magnetometers, gyroscopes, sensors for image, touch, proximity, acoustic sensors, how much a space is being occupied; Image Procession Occupancy Sensors, Intelligent Occupancy Sensors, CO2 sensors, light sensors, radar sensors. 

The sensor most widely applied in PropTech is … the smart phone. However, in near future its role will be done by track sensors as wearables or chips in the body.

Despite this bright future for the IoT technologies, they turn to be an easy prey for cyber criminals who use them to enter the systems and databases of large buildings. For instance, in 2017 in Austria, hackers attacked a four-star hotel through its electric keys system. They locked all guests out of their rooms and the hotel couldn’t make new keys until they paid the ransom.

Another impressive trend in impact by PropTech is the Prosumers culture. Buildings are supposed not only to consume energy, but to produce the energy they use. Some PropTech solutions already facilitate the energy trade among buildings. Others offer photovoltaic window glasses which are clearly transparent. 

And these are just a few examples …

What are the world Impact trends that the SEE region and PropTechs can take advantage of?

What will you learn about PropTech technologies at the 1st international PropTech Conference in the SEE and Bulgaria?

Conference Part ►

04.11 | 10:30 – 11:00 AM EET

Re-Imagining Cities with Digital Twins: at the intersection of proptech, real estate & smart cities | Chungha Cha, Co-Founder & Chair, Re-Imagining Cities Foundation, South Korea

04.11 | 11:20 – 11:40 AM EET

PropTech Insights by EPRA /European Public Real Estate Association/ | Iskren Marinov, Membership & PropTech Manager, the UK/Belgium

04.11 | 12:20 – 12:40 PM EET

Opportunities in PropTech in the UK and the barriers to adoption | Sammy Pahal

Managing Director, UK PropTech Association, the UK

04.11 | 12:40 – 13:00 PM EET

Driving Transformation in UK Construction |  Alison Nicholl FRSA, Head of Constructing Excellence, Building Research Establishment (BRE), the UK
The UK

05.11 | 10:00 – 10:20 AM EET

Proptech Technologies – Customer experience with Realpad | Jakub Licak, Business Development Manager, Realpad Software, Czech Rep.

05.11 | 11:00 – 11:20 AM EET

Disruptive technologies in Commercial Real Estate | Alexandru Boghiu, Digital and Technology Director,  CBRE, Global Republic

► Register here.