The Impact of Prop Tech and Innovation on Real Estate Education and Research in Nigeria

Abstract

Prop Tech is a technology that appears to have been widely adopted in the real estate sector in Nigeria and is gaining more ground. Their impact on real estate education and research in Nigeria is one that has been brought to lime light and has called for study. There is need to highlight the challenges and opportunities presented by technology in the industry. Hence, the this paper aims to explore the impact of Prop Tech and innovation on real estate education and research in Nigeria, highlighting the challenges and opportunities presented by technology in the industry. The research is more of a survey which is specifically to gather relevant data. Data Collection included the distribution of surveys to Estate Surveyors and Valuers (ESVs) who are also industry professionals. The analysis was done using simple percentages, means rank and ANOVA with the use of SPSS, statistical software. The data analysis includes a quantitative analysis of survey responses to identify trends and patterns. The findings from the collected from 400 Estate Surveyors and Valuers (ESVs) in Nigeria shows some keys gaps in the integrations of relevant technologies in education and research, factors influencing the adoption or resistance to Prop Tech, Strategies for integrating Technology into real estate as well as Potential partnerships and collaboration. This research indicates the dire need for real estate education programs in Nigeria to incorporate prop tech and innovation into their curriculum. This can be done by creating awareness to all practitioners in the industry including the teaching students how to use technology to enhance their understanding of the real estate market.