What is fintech and how does it affect the real estate market?

Fintech in real estate includes a range of technologies, such as online marketplaces, crowdfunding platforms, digital mortgage applications, virtual property tours, and blockchain-based property registries. These technologies enable buyers to easily search for properties, sellers to easily list their properties, and investors to easily invest in real estate.

One of the key advantages of fintech in real estate is the increased transparency and security it offers. With blockchain-based property registries, for example, transactions are recorded on a secure and tamper-proof ledger, reducing the risk of fraud and errors. Additionally, digital mortgage applications and online marketplaces enable buyers to access a wider range of properties and mortgage options, while reducing the time and costs associated with traditional real estate transactions.