Why Prop Tech Is Becoming So Popular in the UK
The rise of the Prop Tech industry is seen in the real estate market, with an estimated growth of $3386.11 billion in 2021 to an estimated $5388.87 in 2022, with an annual increase of 10%. What does this mean, and what is Prop Tech?
The new technologies began with the rise of Web One, the traditional computer, followed by Web Two, digital handheld devices.
Now, we have Web Three, which integrates technology into people’s homes and is more seamlessly integrated into our lives, like real estate.
There is, however, much confusion about what Prop Tech is and what it does. It upgrades the value of real estate. This does not separate Prop Tech from real estate but adds value to people’s properties.
The Great Resignation 2021 in the UK
The UK’s Labour Force Survey in November 2021 showed that 391,000 of the 1.02 million people who moved jobs between July and September 2021 had resigned; however, these numbers are not entirely clear-cut.
This is due to resignations in industries like catering due to the effects of COVID-19.
There has also been a significant move towards remote work, with people moving from office work to working from home.
