Opinions expressed by Entrepreneur contributors are their own.
Key Takeaways Proptech, or property technology, is dismantling traditional barriers in real estate, making it more transparent, simple and accessible.
Emerging proptech platforms offer enhanced data access, user-friendly interfaces and open-source MLS data, signaling a cultural shift towards consumer empowerment in real estate.
In 2025, there are barely any assets that are more valuable than real estate in the global economy. The data says this much. A recent report from Precedence Research estimates that the global real estate market cap in 2025 is $4.34 billion, with the capacity to grow to approximately $7.03 trillion by 2034.
Other sources suggest that the sector will experience faster, more imminent growth. According to data from Statista, the global real estate market is expected to reach a whopping $655 trillion by 2025.
Despite this, the real estate market remains inaccessible to a majority of the population. Buying a property remains a hectic procedure riddled with complex experiences for users across the entire process.
A major reason for this is the industry’s technology stagnation. Where industries like retail and finance have embraced technology, leveraging it to enhance user experiences with digital products like Amazon and Stripe, real estate has remained in the dark ages, failing to capitalize on the power of technology.
But all of that is changing thanks to a new wave of technology known as proptech. Short for property tech, this new wave leverages technology to improve the real estate stack, making it more accessible, less complex and cheaper.
Related: The Entrepreneur’s Guide to Building Wealth Through Real Estate
The long shadow of real estate’s legacy systems
... continue reading