The Property Lifecycle

The Property Lifecycle

Discover the property lifecycle and how it brings together various sectors such as government, legal, construction, finance, and insurance, while connecting a wide range of professionals.

This infographic offers a high-level overview of the key phases and processes.

The Property Lifecycle Infographic

Read more from The Proptech Cloud

The Property Lifecycle

Discover the extensive property lifecycle and how it connects with other sectors. This infographic highlights the key phases and processes involved.

Why Is It So Difficult To Parse Addresses?

This blog explores what address parsing is and why it presents such unique challenges. Discover the intricacies behind address parsing and why getting it right is more complicated than it first appears.

How To Set Coordinate Reference Systems (CRS) In Snowflake Using Spatial Reference Identifiers

When working with geospatial data and mapping, you often need to specify the CRS for accurate and consistent spatial referencing and calculations. We guide you how.

Crafting a Storm Surge and Hurricane Risk Rating for Coastal Properties

A high-level approach to developing a storm surge and hurricane risk rating system to guide stakeholders with a vested interest in coastal properties.

How Proptech Is Revolutionising Real Estate

Proptech is the dynamic intersection of property and technology, and it’s reshaping real estate. And there’s still a huge potential for growth.

Why Is It So Difficult To Parse Addresses?

Why Is It So Difficult To Parse Addresses?

Precise address data is fundamental to a multitude of services.

The ability to accurately dissect and interpret address components is important for the accurate delivery of mail, managing customer databases, integrating geographic information systems and more.

This blog explores what address parsing is and why it presents such unique challenges.

Discover the intricacies behind making sense of seemingly simple address data and why getting it right is more complicated than it first appears.

TL;DR

Address parsing involves breaking down addresses into their individual components (like street name, city, state, and postcode/ZIP code) to make them understandable for computers.

It’s challenging due to variations in address formats, international differences, ambiguous elements, complex building details, and lack of standardisation.

Despite these difficulties, commercial address parsers achieve high accuracy, and emerging machine learning techniques offer potential for developing custom solutions.

What is Address Parsing?

In essence, address parsing is breaking down and identifying the individual components of an address to make it more understandable and usable for computers. This process ensures that each part of the address is correctly identified, interpreted and standardised for greater accuracy in subsequent applications.

Let’s take a letter that you receive in the mailbox.

On the front, there’s a block of text with your name, street address, city (or suburb or town), state, and postcode (or ZIP code). All these combined tell the postman where to deliver the letter.

Now, let’s say you have a robot assistant, and you want to teach it to understand and organise this information.

You’d instruct the robot to recognise the different parts of the address: This part is the person’s name. This is the street they live on. This part tells us the city, and so on.

Address parsing is like teaching the robot to recognise and separate these individual parts of the address. So, instead of seeing one big block of text, the robot (or computer program) sees the address as different pieces of information:

  • name,
  • street,
  • city,
  • state, and
  • ZIP code/postcode.

This helps computers and software understand and manage addresses more efficiently, just like how you can easily tell apart the street name from the city when you look at the address on a letter.

Why is Address Parsing Difficult?

Address parsing is difficult because addresses vary greatly in format and structure, both within and across countries. Ambiguous elements (e.g., “St.” for “Street” or “Saint”), complex building details, misspellings and multiple languages add to the challenge.

Additionally, addresses often change due to renaming or updates, and there is very little standardisation in how people enter addresses.

These factors make it hard to create a parser that can accurately interpret all possible address variations.

These are some examples that demonstrate the complexity involved. 

Example 1

Address = 64 YORK STREET SYDNEY NSW 2000.

  • 64 = Street number,
  • YORK = Street name,
  • STREET = Street type,
  • SYDNEY = Suburb,
  • NSW = State,
  • 2000 = Postcode

Done, why do people tell me it is difficult….?

 

Example 2

Address = 6/64 THE BOULEVARDE STRATHFIELD NSW 2135

  • 6 = Unit number
  • 64 = Street number
  • THE = Street name
  • BOULEVARDE = Street type
  • STRATHFIELD = Suburb
  • NSW = State
  • 2135= Postcode

Wait, the street name is “THE”?
It should be the “THE BOULEVARDE”!
Boulevarde is a street type as well, but not in this instance! We need a rule for that!

 

Example 3

Address = WTC BLDG A / TWR 4 MATTHEW FL LEVEL 1 18-38A SIDDELEY ST, DOCKLANDS VIC 3008

This address is significantly more difficult to parse than previous examples, however the address still includes many prefixes that can assist with parsing.

It is not uncommon for many of these prefixes to removed to look more like this address:

Address = WTC A / TWR 4 MATTHEW 1 18-38A SIDDELEY ST, DOCKLANDS VIC 3008

Without the BLDG and LEVEL prefixes, we now have additional complexity to deal with.

Challenges with Address Parsing

  • Variability in formats
    Addresses can be written in numerous formats.
    For instance, “123 Maple St. Apt 4B” and “Apt 4B, 123 Maple Street” represent the same location but are formatted differently.
  • International differences
    Different countries have different address structures. What’s common and straightforward in one country might be unusual in another. For instance, some countries might include districts or regions in their addresses, while others don’t.
  • Ambiguous elements
    Some parts of an address can be confused for others.
    For instance, “St.” could be short for “Street” or “Saint.”
    Without context, determining the correct interpretation can be tough.
  • Complex building details
    Addresses can have complex unit numbers, building names, floor numbers, and so forth.
    Parsing these details correctly, especially when they’re in non-standard formats, can be difficult.
  • Misspellings and typos
    People often make mistakes when entering addresses. A parser needs to be robust enough to handle and possibly correct common misspellings or recognise when an address might be invalid.
  • Multiple languages and scripts
    In multilingual countries or regions, addresses might be written in different languages or scripts. Parsing these requires the program to be aware of multiple linguistic structures.
  • Historical changes and inconsistencies
    Cities change, streets get renamed, postal codes get updated. An address parser needs to be updated regularly to account for these changes, or it should be robust enough to recognise and possibly map outdated addresses to their current counterparts.
  • Abbreviations and Synonyms
    There are multiple ways to refer to the same thing in addresses. For example, “Avenue” might be written as “Ave,” “Av,” or “Avnue.” A parser must recognise all these variations as referring to the same concept.
  • Lack of standardisation
    Unlike some data types where a strict format can be enforced, addresses are often entered by users who have no idea about the backend system’s preferred format.
  • Embedded information
    Sometimes, addresses can contain extra information that’s not strictly part of the address but is crucial for delivery, like instructions or landmarks.
Address block on a letter

Is Accurate Address Parsing Possible?

Most commercial address parses achieve parsing accuracy at a rate of 97/98%+.

They achieve this through constant development, testing and refinement of their software over many years.

Is it possible to build your own address parsing solution and achieve similar results?

Maybe.

New capabilities and accessibility of machine learning algorithms mean self-developed address parsing solutions may be able to produce results that are acceptable for your use case. But it is worth noting, the solution won’t be easy to develop and there will be inaccuracies. You should carefully weigh up the effort to develop an address parsing solution vs buying a solution off the shelf.

 

Address Parsing Software Providers

Australia:

  • Geoscape Australia: Provides geospatial data solutions, including address parsing and geocoding for Australian addresses.
  • Precisely: They offer global solutions, including for Australia, in the realm of data quality and address management.
  • Equifax Australia: Offer address cleansing and geocoding solutions.

USA:

  • SmartyStreets: Offers address validation, geocoding, and parsing primarily for the U.S. but also internationally.
  • Melissa Data: Provides data quality solutions, including address validation, correction, and parsing for the USA and other countries.
  • Pitney Bowes: Global solutions, including for the U.S., in data quality and address management.

Canada:

  • Canada Post: Their AddressComplete solution provides parsing, validation, and autocomplete for Canadian addresses.
  • DMTI Spatial: Offers Canadian geospatial data solutions, which include address parsing and validation.

UK:

  • PCA Predict (Loqate): Provides address lookup, validation, and parsing solutions predominantly for the UK but also globally.
  • Allies Computing: Their PostCoder web service offers address lookup and validation for the UK and other countries.
  • Royal Mail: They have solutions for address validation and parsing for UK addresses.

It’s worth noting that many of these providers offer services for multiple countries, not just the ones listed under their respective headers. For example, a company that provides services in the USA might also cater to UK or Australian addresses.

When considering an address parsing provider, it’s essential to check if they cover the specific regions and countries you need, and if they offer the depth of functionality (e.g., address validation, geocoding, etc.) that your project requires.

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Read more from The Proptech Cloud

The Property Lifecycle

Discover the extensive property lifecycle and how it connects with other sectors. This infographic highlights the key phases and processes involved.

Why Is It So Difficult To Parse Addresses?

This blog explores what address parsing is and why it presents such unique challenges. Discover the intricacies behind address parsing and why getting it right is more complicated than it first appears.

How To Set Coordinate Reference Systems (CRS) In Snowflake Using Spatial Reference Identifiers

When working with geospatial data and mapping, you often need to specify the CRS for accurate and consistent spatial referencing and calculations. We guide you how.

Crafting a Storm Surge and Hurricane Risk Rating for Coastal Properties

A high-level approach to developing a storm surge and hurricane risk rating system to guide stakeholders with a vested interest in coastal properties.

How Proptech Is Revolutionising Real Estate

Proptech is the dynamic intersection of property and technology, and it’s reshaping real estate. And there’s still a huge potential for growth.

How To Set Coordinate Reference Systems (CRS) In Snowflake Using Spatial Reference Identifiers

How To Set Coordinate Reference Systems (CRS) In Snowflake Using Spatial Reference Identifiers

In previous blogs, we’ve covered off what Coordinate Reference Systems (CRS) are, its scope and uses.

In this blog, we’ll cover how to set these on the Snowflake platform for geospatial referencing and analysis.

In Snowflake, you can define the Coordinate Reference System (CRS) by specifying a spatial reference identifier (SRID), which is a unique code that tells you which map or coordinate system you’re using, including its tolerance and resolution (or in other words, how precise and accurate it is).

TL;DR

If using the GEOGRAPHY data type in Snowflake, you won’t need to set the CRS, as it will be automatically set as WGS 84.

To set the CRS of a GEOMETRY data type, determine its SRID, then use the ST_SETSRID() function.

If not explicitly set, the SRID of a GEOMETRY column will be 0.

To convert from one CRS to another CRS on a GEOMETRY column, use the ST_TRANSFORM() function.

Overview

Coordinate Reference System

A Coordinate Reference System (CRS) defines how the two-dimensional, projected map in your GIS relates to real places on the earth. It encompasses:

  • Datum: Defines the position of the spheroid relative to the centre of the earth.
  • Projection: Converts the 3D surface of the earth to a 2D map.
  • Coordinate system: Defines how the coordinates relate to positions in the real world.

Spatial Reference System Identifier (SRID)

An SRID is a unique identifier associated with a CRS. It is a numeric value that references a specific CRS definition in a spatial database or standard, like the EPSG (European Petroleum Survey Group) codes.

Key Points

CRS is the comprehensive system that includes all the information needed to translate between coordinate systems and real-world positions.

SRID is an identifier for a specific CRS.

Example:
EPSG:4326 is a common SRID, where 4326 is the SRID that corresponds to the WGS 84 CRS (used by GPS).

What are the benefits of setting SRID in Snowflake?

Setting up an SRID in Snowflake ensures data consistency by aligning all spatial data to the same coordinate system, enhancing accuracy with precise tolerance and resolution information.

It facilitates interoperability between systems, enables advanced geospatial analysis and maintains data integrity by providing a defined coordinate framework.

This allows users to perform complex spatial queries efficiently in Snowflake.

How to set CRS and SRID in Snowflake

Snowflake provides the following data types for geospatial data:

  • The GEOGRAPHY data type, which models Earth as though it were a perfect sphere.
  • The GEOMETRY data type, which represents features in a planar (Euclidean, Cartesian) coordinate system.

The GEOGRAPHY data type follows the WGS 84 standard (spatial reference ID 4326).

The GEOMETRY data type represents features in a planar (Euclidean, Cartesian) coordinate system.

The coordinates are represented as pairs of real numbers (x, y). Currently, only 2D coordinates are supported.

The units of the X and Y are determined by the spatial reference system (SRS) associated with the GEOMETRY object. The spatial reference system is identified by the SRID number.

Unless the SRID is provided when creating the GEOMETRY object or by calling ST_SETSRID, the SRID is 0.

ST_SETSRID()

Returns a GEOMETRY object that has its SRID set to the specified value.

Use this function to change the SRID without affecting the coordinates of the object. If you also need to change the coordinates to match the new SRS, use ST_TRANSFORM instead.

ST_TRANSFORM()

Converts a GEOMETRY object from one spatial reference system SRS to another.

Use this function to change the SRID and the coordinates of the object to match the new SRS (spatial reference system).

If you just need to change the SRID without changing the coordinates (e.g. if the SRID was incorrect), use ST_SETSRID instead.

Syntax

ST_SETSRID( <geometry_expression> , <srid> )

Examples

The following example creates and returns a GEOMETRY object that uses the SRID 4326:

ALTER SESSION SET GEOMETRY_OUTPUT_FORMAT='EWKT';

SELECT ST_SETSRID(TO_GEOMETRY('POINT(13 51)'), 4326);

Syntax

ST_TRANSFORM( <geometry_expression> [ , <from_srid> ] , <to_srid> );

Examples
The following example transforms a POINT GEOMETRY object from EPSG:32633 (WGS 84 / UTM zone 33N) to EPSG:3857 (Web Mercator).

-- Set the output format to EWKT

ALTER SESSION SET GEOMETRY_OUTPUT_FORMAT='EWKT';

SELECT

ST_TRANSFORM(

ST_GEOMFROMWKT('POINT(389866.35 5819003.03)', 32633),

3857

) AS transformed_geom;

After setting the SRID on a GEOMETRY object, you can check if it has been applied correctly using the ST_SRID() function.

ST_SRID()

Returns the SRID (spatial reference system identifier) of a GEOGRAPHY or GEOMETRY object.

Currently, for any value of the GEOGRAPHY type, only SRID 4326 is supported and is returned.

Syntax

ST_SRID( <geography_or_geometry_expression> )

Examples
This shows a simple use of the ST_SRID function:

 

SELECT ST_SRID(ST_MAKEPOINT(37.5, 45.5));
+-----------------------------------+
| ST_SRID(ST_MAKEPOINT(37.5, 45.5)) |
|-----------------------------------|
| 4326 |

+———————————–+

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Read more from The Proptech Cloud

The Property Lifecycle

Discover the extensive property lifecycle and how it connects with other sectors. This infographic highlights the key phases and processes involved.

Why Is It So Difficult To Parse Addresses?

This blog explores what address parsing is and why it presents such unique challenges. Discover the intricacies behind address parsing and why getting it right is more complicated than it first appears.

How To Set Coordinate Reference Systems (CRS) In Snowflake Using Spatial Reference Identifiers

When working with geospatial data and mapping, you often need to specify the CRS for accurate and consistent spatial referencing and calculations. We guide you how.

Crafting a Storm Surge and Hurricane Risk Rating for Coastal Properties

A high-level approach to developing a storm surge and hurricane risk rating system to guide stakeholders with a vested interest in coastal properties.

How Proptech Is Revolutionising Real Estate

Proptech is the dynamic intersection of property and technology, and it’s reshaping real estate. And there’s still a huge potential for growth.

Crafting a Storm Surge and Hurricane Risk Rating for Coastal Properties

Crafting a Storm Surge and Hurricane Risk Rating for Coastal Properties

In an era where climate change is intensifying the frequency and severity of storms and hurricanes, especially in coastal regions, understanding and quantifying the associated risks is critical.

According to the National Geographic Society, a storm surge is a rise in sea level that occurs during tropical cyclones, which are intense storms also known as typhoons or hurricanes.

The storms produce strong winds that push the water into shore which can lead to flooding and pose a real threat in coastal regions.

To help understand these risks, a Storm Surge and Hurricane Risk Rating score can provide property owners, developers, real estate agents, insurers, urban planners, local governments, buyers and investors with a clear picture of a property’s vulnerability to these natural disasters.

These stakeholders will be conducting their own necessary research, and a risk rating system can offer an indicative metric to guide their decisions.

Why is a Storm Surge and Hurricane Risk Rating Important?

Understanding storm surge and hurricane risks is crucial for building a resilient society.

Natural catastrophes pose significant challenges, and quantifying these risks can aid in better preparation and prompt responses.

Strengthening homes and incentivising homeowners to invest in property fortification can reduce potential losses. Accurate risk assessments and reliable data can allow insurers to offer discounts for mitigation actions, enhance home resale values, and reveal the increased costs to mortgage issuers due to natural disasters.

Achieving resilience relies on expert understanding of the real estate ecosystem and the benefits of informed mitigation strategies.

Steps to build a Storm Surge and Hurricane Risk Rating

1. Defining scoring criteria and scale

The foundation of a risk rating system is a clear and understandable scale, such as 1 to 10, with each number representing a different level of risk.

Establishing specific criteria for assessment is also essential for a well-rounded evaluation.

2. Key factors to consider

Several factors contribute significantly to a property’s risk from storm surges and hurricanes:

Proximity to coast

 

  • Proximity to Coastline: The closer a property is to the coastline, the higher the risk of storm surge impacts.
  • Elevation and Topography: Properties at higher elevations or with certain topographical features may have reduced risk.
  • Historical Data: Analysing past hurricane and storm surge incidents from historical weather databases and local government records can provide critical insights into potential future risks.
  • Local Climate Trends: Understanding the local weather patterns can help predict the likelihood of storms.
Natural barriers
  • Flood Zone Designation: Properties in designated flood zones face a heightened risk. Flood risk information is generally available from Local Councils.
  • Building Design and Materials: Construction that is designed to be resilient against high winds and flooding can mitigate risk.
  • Infrastructure and Preparedness: Robust local infrastructure and emergency plans can play a vital role in risk reduction.
  • Natural Barriers: The presence of natural features, such as dunes or wetlands that can absorb storm impacts, reduces risk.
  • Regional Planning: Effective community and regional planning and zoning can mitigate potential damage. Consult local zoning laws and development plans for more property-specific.

3. Assigning weights to each factor

Assigning appropriate weights to each of the above factors based on its impact on overall risk ensures that the score accurately reflects the property’s vulnerability.

Use expert consultations and statistical analysis to determine appropriate weights, and adjust weights based on real-world data and expert feedback.

4. Data collection and analysis

Gathering and analysing data, including GIS mapping, climate records and historical event data, is crucial to assigning accurate sub-scores for each criterion. Cross-referencing multiple sources will ensure data accuracy and statistical software can be used for thorough analysis.

5. Calculating the overall score

By aggregating these sub-scores, considering their respective weights, we arrive at a comprehensive risk rating for each property. Using a formula or algorithm will ensure consistency in calculations. Further validating the scoring system with sample properties will help improve accuracy.

6. Validation and adjustment

It’s vital to validate and adjust the rating system against historical data and expert analysis to ensure its reliability and accuracy. Regularly review and update the criteria and weights based on new data.

Checklist

7. Providing risk mitigation recommendations

Along with the risk score, offering advice on how to reduce a property’s vulnerability to storm surges and hurricanes can be highly beneficial. Suggestions such as upgrading building materials, improving drainage systems or investing in flood barriers can form a checklist of actionable steps to reduce a property’s vulnerability.

8. Regular updates and re-evaluations

Continuously updating the risk rating system to reflect environmental changes, infrastructure developments and updated data is crucial. This includes regular reviews, incorporating new data and tech advancements can improve the risk rating system. 

Building Resilience with Accurate Risk Ratings

Stakeholders can create a robust and reliable risk rating system that enhances safety and preparedness in coastal areas.

A well-developed Storm Surge and Hurricane Risk Rating can provide essential information for making educated decisions about property development, insurance and risk management.

As the world grapples with the increasing challenges of climate change, these tools become ever more critical in our collective efforts to build resilient communities.

Subscribe to our newsletter

Subscribe to receive the latest blogs and data listings direct to your inbox.

Read more from The Proptech Cloud

The Property Lifecycle

Discover the extensive property lifecycle and how it connects with other sectors. This infographic highlights the key phases and processes involved.

Why Is It So Difficult To Parse Addresses?

This blog explores what address parsing is and why it presents such unique challenges. Discover the intricacies behind address parsing and why getting it right is more complicated than it first appears.

How To Set Coordinate Reference Systems (CRS) In Snowflake Using Spatial Reference Identifiers

When working with geospatial data and mapping, you often need to specify the CRS for accurate and consistent spatial referencing and calculations. We guide you how.

Crafting a Storm Surge and Hurricane Risk Rating for Coastal Properties

A high-level approach to developing a storm surge and hurricane risk rating system to guide stakeholders with a vested interest in coastal properties.

How Proptech Is Revolutionising Real Estate

Proptech is the dynamic intersection of property and technology, and it’s reshaping real estate. And there’s still a huge potential for growth.

How Proptech Is Revolutionising Real Estate

How Proptech Is Revolutionising Real Estate

Real estate, the world’s largest asset class, valued at a staggering $7.56 trillion, has long been a sleeping giant when it comes to technological innovation. But now, it’s waking up. Recent years have witnessed an unprecedented surge in proptech.

What is Proptech?

PropTech is short for Property Technology which, as its name suggests, is the dynamic intersection of property and technology.

Broadly, it refers to the innovative use of technology in the real estate industry and covers a wide range of tech solutions and innovations aimed at disrupting and digitising various aspects of the real estate sector, including property management, leasing, sales, construction, investment and others.

Proptech tackles key issues in how we use and benefit from real estate. It’s already streamlining processes and transactions, creating new opportunities, addressing pain points, cutting costs, enhancing connectivity, productivity and boosting convenience for residents, owners, landlords and other stakeholders.

Why the Surge in Proptech?

Several key factors have contributed to the rapid rise of proptech. The COVID-19 pandemic significantly accelerated the need for virtual, no-touch experiences, driving technological innovation across the sector.

Technological advancements with practical applications in real estate have also played a crucial role. Examples of innovations include:

  • Virtual Reality (VR) and Augmented Reality (AR) enhancing property viewing experiences.
  • Artificial Intelligence (AI) and Machine Learning (ML) providing data-driven insights and personalised recommendations.
  • Internet of Things (IoT) enabling smart home features and efficient property management.
  • Blockchain Technology allowing fractional property ownership, offering new ways for buyers and sellers to connect and potentially cutting costs by removing intermediaries out of the transaction process.
  • Drone Technology offering virtual tours and aerial views,

Increased connectivity and the availability of real estate data, have improved customer experiences and enabled faster, more informed decisions in real estate transactions, planning and development.

Regulatory changes have also revolutionised the way real estate operates.

Regulatory changes serve as a catalyst for proptech innovation. By creating new challenges and setting higher standards, regulations drive the development of advanced technologies and solutions that help businesses comply, operate more efficiently, and enhance their services. This continuous push for innovation ensures that the real estate industry evolves to meet modern demands.

The pressing issue of housing affordability has spurred creative approaches to real estate ownership and investment too. Proptech and financial technology (fintech) are democratising property investment, making it more accessible through crowdfunding platforms, fractional ownership, and Real Estate Investment Trusts (REITs).

The potential for disruption and innovation in the real estate sector has attracted significant investor interest. Corporate venture capital units and accelerator programs further support and fast-track proptech startup funding.

Proptech’s Potential to Reimagine Real Estate

Proptech has gained significant traction in recent years as real estate professionals and investors recognise the potential of technology to disrupt.

According to PropTechBuzz, hundreds of Australian proptech startups are leveraging the power of advanced technologies like big data, AI, AR and generating over $1.4 billion of direct economic output.

Yet, we are only on the cusp of proptech’s true potential.

Signs show that this fledgling industry has yet to reach its pinnacle.

A recent Deloitte survey Global Real Estate Outlook Survey of real estate owners and investors across North America, Europe, and Asia/Pacific reveals:

  • Many real estate firms address years of amassed technical debt by ramping up technology capabilities. 59% of respondents say they do not have the data, processes, and internal controls necessary to comply with these regulations and expect it will take significant effort to reach compliance.
  • Many real estate firms aren’t ready to meet environmental, social, and governance (ESG) regulations. 61% admit their firms’ core technology infrastructures still rely on legacy systems. However, nearly half are making efforts to modernise.

Barriers to progress still exist.

A survey of 216 Australian property companies from 2021 by the Property Council of Australia and Yardi Systems show that

  • There is the perception that solutions must be specially developed or customised (34%).
  • 26% of respondents see changing existing behaviours as the biggest obstacle to overcome, followed by cost (23%) and time constraints (11%).

The Future of Proptech

The future of proptech is looking bright.

As new technology, trends, and other contributing factors converge to accelerate innovation in the real estate (and its neighbouring) sectors, new ideas take flight and promise to disrupt traditional processes.

Proptech brings exciting benefits, boosting the real estate industry’s digital presence, productivity and enhancing experiences for everyone involved.

It fosters innovation and automation, adding convenience, efficiency, transparency and accuracy to administrative and operational tasks.

Additionally, proptech holds the promise of better access to data and analytics and the integration of sustainability practices.

As technology continues to advance and consumer preferences evolve, proptech is likely to play an increasingly prominent role in shaping the future of the real estate industry.

Proptech revolutionising real estate

Subscribe to our newsletter

Subscribe to receive the latest blogs and data listings direct to your inbox.

Read more from The Proptech Cloud

The Property Lifecycle

Discover the extensive property lifecycle and how it connects with other sectors. This infographic highlights the key phases and processes involved.

Why Is It So Difficult To Parse Addresses?

This blog explores what address parsing is and why it presents such unique challenges. Discover the intricacies behind address parsing and why getting it right is more complicated than it first appears.

How To Set Coordinate Reference Systems (CRS) In Snowflake Using Spatial Reference Identifiers

When working with geospatial data and mapping, you often need to specify the CRS for accurate and consistent spatial referencing and calculations. We guide you how.

Crafting a Storm Surge and Hurricane Risk Rating for Coastal Properties

A high-level approach to developing a storm surge and hurricane risk rating system to guide stakeholders with a vested interest in coastal properties.

How Proptech Is Revolutionising Real Estate

Proptech is the dynamic intersection of property and technology, and it’s reshaping real estate. And there’s still a huge potential for growth.