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Like any other industry, the PropTech industry is saddled with new trends and emerging patterns that industry stakeholders must take note of. In Nigeria, there are dozens of PropTechs solving the housing deficit that has become commonplace, especially in urban areas. To optimize solutions, it is important to review the leading trends in the industry so that founders can leverage them.
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Virtual and augmented reality
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Smart homes and buildings
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Blockchain technology
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Artificial intelligence
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Sustainable and energy-efficient buildings
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Co-living spaces
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Online platforms for property transactions
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Micro-apartments
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Flexible office spaces
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Crowdfunding for property development
Closing Remarks
It’s worth noting that the trends mentioned above are not mutually exclusive, but rather complement each other to change the way the real estate industry will function in the future. The PropTech industry is expected to grow significantly in the next couple of years, as more and more companies and property developers adopt technology to improve the efficiency and accessibility of property transactions. Featured Image Source: NairametricsGot a suggestion? Contact us: editor@connectnigeria.com
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