Rapid digitalization and innovation are the key factors of the 21st century for investors, users and developers, which has been discussed widely at MIPIM 2016. New technology is revolutionising the real estate sector, from the emergence of a new sharing economy to automated mass transport systems, the built environment landscape is changing rapidly. New innovations are changing the way we understand, use and interact with property. Experts also added that there two types of investors: ''financial investors'' and ''strategical investors''. They claimed that ''companies are growing up through these innovations''. 

The session 'Proptech Latest Trends: The Investors' View' has tackled the innovative solutions for property market in terms of many perspective. The rise of startups was the key issue for investors focusing on how to manage data with transparency, optimize the collaboration and new transaction methodologies. The speakers of the panel were Aaron Block, Co-Founder and MD, MetaProp NYC, Amanda Clack, RICS President Elect, RICS, Fulvia Raffaelli, Acting Head of Unit, Clean Technologies and Products, DG GROW, European Commission, Nick Romito, Founder & CEO, VTS, Taylor Wescoatt, Expert in Residence, Seedcamp, Daniel Cook, Director of Strategy, Lead RICS Futures, RICS. The experts said that ''property and technology drives this sector and many investors are exposed to invest to technology in order to cooperate''. ''Mobile applications, transaction of data, transparency, optimization of management and exchange platforms are shaping new industry in real estate'' added experts. 

''It is a retech not a proptech'' said Aaron Block, Co-Founder and MD, MetaProp NYC. ''industry is seeing the major problems in advance via these technologies and they are able to define their major assets'' added Block. ''Money follows the money, which is definitely essential for all sectors'' added Block. Around $1.5bn a year has been invested into new start-ups in our sector for the past two years, the bulk into the US market. 

Fulvia Raffaelli, Acting Head of Unit, Clean Technologies and Products, DG GROW, European Commission, emphasized Building Information Modelling (BIM) for the construction sector and she said that ''we are forcing some conditions and setting up new regulations to use BIM. Through this technology, all companies will get the same standards in the world stage''. 

follow us on #MIPIMbyWAC hashtag

all images © WAC