PROPERTY technology, or proptech, start-ups in Asia Pacific are outpacing their counterparts in Europe and the US European and US proptech companies are lagging behind the Asian market, where 179 start-ups have secured $4.8bn in funding in the past four years, more than 60% of all global funding in the sector. The report also found that while there is a strong demand for new technologies from both public sector agencies such as universities and research institutes, private firms are not yet ready to invest in them. JLL also predicted annual funding for proptech will reach $4.5bn by 2020.
European and US proptech companies are lagging behind the Asian market, where 179 start-ups have secured $4.8bn in funding in the past four years, more than 60% of all global funding in the sector. The report also found that while there is a strong demand for new technologies from both public sector agencies such as universities and research institutes, private firms are not yet ready to invest in them. JLL also predicted annual funding for proptech will reach $4.5bn by 2020.