Nedbank banks big on African real estate property technology!

 

This year's Africa Proptech Virtual forum is a full day of live presentations and discussion panels for the growing Proptech community on the continent. house and lot for sale

The virtual and lead sponsor API Summit, Nedbank CIB, will host the free online forum to connect Africa's most powerful Immobilien Investor Community with its emerging technology and innovation sectors, on September 29, 2020.

This year's event will offer investors, start-ups and practitioners a platform for meeting, presenting and sharing insights on how Proptech applications are accelerating across the real estate industry.

According to the host of the forum, Kfir Rusin's API Event, Property Technology is one of the sectors which is predicted to be stronger after COVID-19.

Rusin said: "This time of compulsory digital uptake and dependency and remote work will speed up adoption and innovation both globally and in Africa, within the Proptech space. In the last few years, property technology will become more important both in the immediate interventions required as a result of COVID-19 and in the medium-to-long-term plans for all property related parties and enterprises."

Nedbank CIB's Naidoo, Divisional Executive: Property Finance Project Manager and Valuation, as the lead sponsor of this year's Africa Proptech Forum, said Proptech is a niche and growing subsector within the real estate industry in Africa and Nedbank CIB's sponsorship of the Africa Proptech Forum offers its customers a good opportunity and value.

"The world in which we live now differs considerably from the world which we existed just a few months ago. Nedbank CIB sees the advantage and opportunity that Proptech can bring not only for itself but also for our customers who are central to our business in the real estate value chain. We're no longer in Kansas and we see tech as the real backbone of our company and tech drives a customer experience. The crisis has catapulted the technological journey. It's a good formula for us to adopt the right technologies and with our great people," Naidoo said.

According to API Events' recent report 'The Impact of COVID-19 on African Real Estate,' the key outcome of the Proptech pandemic is that market activity will accelerate the adoption and adoption of property technology across the continent.

Naidoo said that this is inevitable as the early drivers are facility management and property management.

"There is no doubt that the COVID-19 pandemic has catapulted us to an unknown territory that has had rather decent properties over the last two decades, but now we are facing a very different landscape. There are so many market uncertainties, and consumer behavior is very different and less predictable than it has been in the past. The battle between the traditionalists and the modernists is business-as-usual versus the future, but more importantly, a new and exciting way to watch property develop," he said.." "It's uncomfortable for all of us, the real estate market was never at the forefront of breakthrough technology. We have the chance to reinvent ourselves and re-imagine a new world and focus.

According to Naidoo, facilities and property management are low fruit hanging and the sector will see new landscapes develop and need to be as agile as possible to see how well it can react.

"We know that contactless environments are becoming more widespread, we know that health, hygiene and safety are key determinants of what space workers are looking for, we know that we are moving into a more sustainable era, in which we have to become kids of the world. How do we "solve" this, and how do we change our thinking," he asked? "We saw Africa adopt technology to leapfrog over its historic challenges, and we believe the use of Proptech will only accelerate after COVID-19," added Rusin.