PropTech or Property Technology is describing new business models, products, services and solutions that aim to improve the real estate industry by utilizing modern technologies. Nowadays, there is a large number of new startups entering the market and with the fundamental changes due to the pandemic, this trend has been accelerated even more.
In the following PropTech books, you will get to know technologies such as AI, BIM, Blockchain, Smart Buildings, IoT, robots, drones, sensors, and more. They are targeted at real estate professionals like investors, developers, architects, policymakers, asset managers, agents, and more. But even if you just have a strong interest in PropTech these books will be helpful, as they offer a broad overview and introduction to the subject.
The Top 5 PropTech Books You Need To Read
The PropTech books that will be presented in this ranking have been chosen because of their relevance for the topic, their author’s credibility, and the date of publication. Furthermore, user reviews from a number of websites have been taken into consideration to analyse their critical feedback on the content and readability of the following texts.
1 | PropTech 101: Turning Chaos Into Cash Through Real Estate Innovation
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Year: 2019
Authors: Aaron Block, Zach Aarons
Pages: 232
The book “PropTech 101: Turning Chaos Into Cash Through Real Estate Innovation” offers a great introduction to the field of real estate technology. Furthermore, it also goes into detail about which trends might prevail and how policymakers must adapt to these new developments. This PropTech book is also a great read if you want to learn more about its history and how different stakeholders influenced the industry.
Aaron Block and Zach Aarons have written PropTech 101 and want to present you with the fascinating topic, as well as highlight how it changes the real estate industry. You will learn how the PropTech trend has emerged and where it is right now. Even though the book has been written in 2019, and a lot is changing rapidly, it will still be a good start for anyone who is interested in PropTech.
The authors have both co-founded MetaProp, which is a New York-based PropTech venture capital company. They describe their experience of the market and go into detail about how startups and the real estate industry interact together. The book also presents you with the investment and funding concepts for these kinds of businesses.
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2 | Rethinking Real Estate: A Roadmap to Technology’s Impact on the World’s Largest Asset Class
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Year: 2019
Author: Dror Poleg
Pages: 327
“Rethinking Real Estate: A Roadmap to Technology’s Impact on the World’s Largest Asset Class” explains the relationship between technology and real estate comprehensively. The author, Dror Poleg, provides insights into every property type and what their future challenges and opportunities might be.
Throughout this PropTech book, you will get to know modern business models and technologies that provide solutions for problems that the property market is currently facing. The content is divided into four main chapters that explain the previously mentioned concepts for each real estate class: Retail, Office, Residential, and Industrial.
Every part is concerned with factors that affect supply and demand, the change in the building itself, and how landlords have to adapt to the new developments and technologies on the market.
Dror Poleg is advising companies on how to integrate and utilise technology with real estate in the most efficient way. He describes the risks, opportunities, and ideas that PropTech can bring from his own experience. This book is great for real estate professionals who want to take a closer look at the impact of technology, but also for people that are interested in the topic and want to have a comprehensive introduction.
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3 | Make Real Estate Great Again: Proptech, Real Estech, Construction Tech
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Year: 2018
Authors: Robin Rivaton, Vincent Pavanello
Pages: 153
If you want to get to know a large number of real estate technology startups and companies, and want to understand their business models in detail, then “Make Real Estate Great Again: Proptech, Real Estech, Construction Tech” by Robin Rivaton and Vincent Pavanello will be a good choice for you.
The authors work in the financial and economics field, with a strong focus on the real estate industry. They present you with different technological solutions for certain parts of a building’s life cycle. From the investment and property acquisition process to construction and management, numerous businesses will be presented that change the way these tasks are performed.
With this PropTech book, you will get to understand trends and solutions that include new investment opportunities, automation and robots in construction, changes in asset management, modern rental management, and new forms of utilising properties. More than 150 companies are highlighted throughout the book, which offers the reader an in-depth perspective of the PropTech market. Therefore, “Make Real Estate Great Again” offers a great introduction to this exciting subject, while also showcasing a large number of real examples.
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4 | #PropTech: A guide to how property technology is changing how we live, work and invest
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Year: 2018
Author: Richard W J Brown
Pages: 217
Richard W J Brown provides you with a guide that focuses on fundamental developments and changes in the PropTech market. His book “#PropTech: A guide to how property technology is changing how we live, work and invest” focuses on the biggest trends that have impacted the real estate industry, from smart homes and smart cities to Artificial Intelligence and Blockchain.
The book is not necessarily aimed at real estate professionals, but rather everyone with an interest in technology and properties. It gives a broad overview of numerous business models and opportunities that PropTech brings. Richard W J Brown worked together with founders, academics, and influencers in the industry in order to create a detailed guide that helps to comprehend this complex subject. The author himself is a real estate investor and consultant with more than 30 years of experience.
In the nine chapters, of “#PropTech” you will get to know markets that are influenced by technology and are related to real estate such as ConTech, EdTech, and FinTech. Furthermore, you will be presented with the impact of megatrends like the Internet of Things, AI, Big Data, and Blockchain. These also include the development and benefits of smart buildings, as well as smart cities.
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5 | The PropTech Guide: Everything You Need To Know About The Future Of Real Estate
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Year: 2018
Author: Lawin Chandra
Pages: 190
In place number five of the top PropTech books is “The PropTech Guide: Everything You Need To Know About The Future Of Real Estate”, written by Lawin Chandra. The comprehensive guide offers insights into real estate financing, transactions, asset management, facility management, construction, and more – all while showing the impact of PropTech solutions.
The beginning of this guide introduces you to the potential benefits that technology can bring to problems that currently exist in the real estate market. It then goes over to the marketplace business model, which is very successful in many countries. Afterwards, the author provides you with different financing options for properties, including new and innovative concepts like crowdfunding.
You will also get to know how the transaction process can benefit from technology, which can increase real estate’s liquidity. The last two major parts of this PropTech book are concerned with the building itself, which includes asset management, building management, and construction. Here, concepts such as the smart building will be explained in detail. Lastly, you will be presented with an outlook into the future of PropTech.
While reading the book, you will find numerous case studies and examples of real startups and companies – more than 200 to be precise. This book is targeted at real estate professionals in every field, from asset managers, investors, and developers, to homeowners and agents.
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Conclusion
Most of the books in this ranking of the top 5 PropTech books give the reader a comprehensive overview of the entire market. They are aimed at real estate professionals, as well as people that have a general interest in the PropTech industry. You will also find numerous case studies, examples, company descriptions, and practical guides in these books that will help you to understand the topics more easily with real-world applications.
The real estate market is so big that technology will have a major impact on the way we live and work. If you are interested in this change or want to start a professional career in the field, the books in this ranking will provide you with the necessary information.
If you want to learn more about PropTech, smart cities, smart buildings, and sustainability, feel free to take a look at our other blog articles.
