Africas proptech market is still small compared to the global market, with funding in 2022 reaching 16.7M, while the global market is valued at 18.2B and projected to reach 86.5B in 2032.
East Africa remains an underexplored market with significant potential for growth and the adoption of technology in the real estate sector.
Technology in Real Estate was one of the major topics discussed at the 2023 East Africa Property Investment Summit event that ended on 18th May 2023, at the Radisson Blu Hotel, Upper Hill, Nairobi.
While there were various market dynamics discussed in the proptech forum, below were our key takeaways from the session
Nigeria dominates the African proptech market in terms of players, while Egypt leads in revenue generation.
- Africas Proptech Market Is Still Small When Compared To the Global Market
- Financing Stands Out As A Key Issue Affecting Africas Proptech Sector
- Nigeria Dominates African Proptech Market While Egypt Tops in Revenue Generation
- East Africa, An Underexplored Market