How proptech is driving financial inclusion

How proptech is driving financial inclusion

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The fastest-growing group of real estate investors? They’re not hedge funds or institutional investors. They’re nurses, teachers, NASA engineers, and first-time landlords with a smartphone.

In recent years, 85% percent of investor-owned residential properties were purchased by small scale “mom and pop” landlords, rather than institutional players. Thanks to property technology, investors no longer need deep pockets, a finance degree, or a ton of spare time to start building a real estate business.

Real estate has long been one of the most capital-intensive, time-consuming, and difficult asset classes to break into. But proptech is dismantling many of the long-standing barriers that once kept many people out, redefining who gets to invest, who gets to earn, and who gets to build wealth from real estate.

Just as fintech became essential infrastructure for financial inclusion, proptech is democratizing real estate investing through smart, values-aligned innovation.

Source: https://www.fastcompany.com/91385269/how-proptech-is-driving-financial-inclusion