The Nigeria Proptech Association has said that the country’s proptech industry’s market size has reached an all-time high of $11.7bn and is expected to hit approximately $23.7bn by the year 2027.
President of the association, Roland Igbinoba, stated this during the just concluded NIPROPTECH 22 conference in Lagos.
He said, “Property technology is the intersection of technology across the real estate value chain. Proptech is growing rapidly in market size and it is making a compelling case for the transformation of real estate across the globe.
“The global real estate technology market size was estimated at $11.7bn in 2022 and is projected to grow at a compound annual growth rate of 12.5 per cent to reach $23.79bn by 2027.”
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