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PropTech solution sets a new benchmark in the real-estate industry

PropTech solution sets a new benchmark in the real-estate industry

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Pan-African professional real-estate services provider Broll Property Group is a PropTech technology creator and arguably one of the African continent’s leaders in this regard. It has achieved this pre-eminence through in-house software development and collaborating with other technology houses. Software development has been core to Broll’s business for over two decades, giving its clients and the industry a unique advantage in the technology and PropTech space.

Broll-Online is an in-house PropTech solution providing end-to-end, comprehensive property services that encapsulate property, financial and facility management and mobility, and Business Intelligence in a single integrated platform, explained Stuart Mathieson, Broll Group IT Executive. PropTech promises to significantly adapt how real-estate transactions are undertaken, with the potential to reduce the burden of compliance checks, shorten the path to agreement signing and even revolutionise fund and title transfer.

Managing assets through age-old database legacy systems is now a thing of the past because technology has disrupted and simplified the real-estate industry across all sectors.

“PropTech has the ability to quickly and fundamentally shift the way in which real estate is administered and serviced,” said Jarrod Lewin, Divisional Director: Technology, Cushman and Wakefield, BROLL.

The company offers the potential for Blockchain to be used to provide a full property transaction history, conveyancing services, confirmed changes in property title and broader adoption of crypto-based payments. In addition, Big Data and AI can transform transaction management and advisory functions, especially as many industry reports are very much backward-looking rather than being predictive.

The PropTech component of the real-estate sector alone is anticipated to yield billions in investment and user interest. It is rapidly gaining attention across the globe, with traditional real estate being forced to innovate and embrace technology where face-to-face interactions have been curbed and altered significantly. According to unissu, the United States has an estimated 2,234 PropTech companies. In Europe, the UK ranks the highest in PropTech company numbers at more than 800. PropTech in Africa, much like the rest of the world, is gaining traction in the property industry and fast becoming a key component for real-estate businesses.

Broll-Online has been built from the ground up to cater for industry best practice in respect of property services. Architected using the latest Microsoft technology, it runs natively on the Internet via private or public cloud (SaaS), enabling a work anywhere and on any device workforce. The solution is scalable to a large enterprise with multinational interests or large portfolios, catering for property managers, occupiers and owners.

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