Integrating Emerging Technologies in Real Property Management Practice in Osogbo, Nigeria

As a critical component of the national economies, the need for an efficient and effectiveproperty management cannot be overemphasized. The real estate sector which propertymanagement is part of, has significantly contributed and still contributing to the national growthin terms of employment, economic growth and investment development. The current globaltransformational changes in the sector due to the evolving technologies has further exposes theneed for the integration and the likely potentials of the emerging technologies to revolutionizesthe country’s real estate sub-sector that could engender transparency, and operational efficiencyleading to customer satisfaction and national growth. Hence, this study investigates theperceptions of property managers on the readiness of the sub-sector to embrace PropTech andpropose strategies for its successful integration in Osogbo property market, Osun state, Nigeria.As a perceptional study, inferences were drawn from both the existing literatures and theperceptions of the respondents. It highlights the transformative impact of PropTech on propertymanagement practices and its applicability in the state. Findings revealed its nascent adoption inthe state with significant challenges around lack of expertise, infrastructural deficits, highimplementation costs among others. The research concluded that despite these barriers,opportunities exist in the form of government initiatives, and the unabated national urbanizationrate. It underscores the need for collaborative efforts among stakeholders to foster a technology-driven real estate sector that enhances service delivery and promotes sustainable growth.