Nedbank says it is exploring property technology for African real estate by organising ‘Africa Proptech Forum Virtual,’ a one-day online event.
The event is scheduled for today.
Hosted by the API Summit Virtual and lead sponsor, Nedbank, the forum will connect Africa’s most impactful real estate investor community with its emerging technology and innovation sectors.
This year’s ‘proptech’ forum will provide a platform for investors, startups and practitioners to meet, present and share insights on how ‘proptech’ applications are accelerating across the real estate sector.
According to API’s Kfir Rusin, property technology is one of the sectors predicted to emerge stronger post-COVID-19.
Speaking on that, he said, “This period of enforced digital uptake and dependency, as well as remote working, will accelerate adoption and innovation in the ‘proptech’ space both globally and in Africa.
“Already gaining momentum over the past couple of years, property technology will take center stage both in the immediate interventions needed as a result of COVID-19 as well as the mid-to-long term plans for all property-related stakeholders and businesses.”
As the lead sponsor for this year’s forum, Nedbank’s Genevie Naidoo, Divisional Executive: Property Finance Project Management & Valuation, shared insights into how ‘proptech’ is transforming Africa’s real estate sector “and the opportunities in the space.”
Naidoo said, “The world we live in now is significantly different from the world we existed in just a few months ago. Nedbank CIB sees the opportunity and benefits that ‘proptech’ can provide in the real estate value chain not just for ourselves but for our clients who are at the heart of our business.
“We are not in Kansas anymore and we see tech as really being the spine of our business and tech drives a client experience. The crisis has catapulted the tech journey. We believe that adopting the right technologies and with our great people really provides a winning formula.”
According to a recent report, ‘The Impact of COVID-10 on African Real Estate,’ published by API, one of the key outcomes arising from COVID-19 from a property technology perspective is that there will be an acceleration in the adoption and uptake of ‘proptech’ across the continent.
