What economic turmoil means for proptech M&A

Currencies crashing, inflation soaring, investors fleeing – today’s economic climate is anything but easy – is a wave of consolidation now inevitable among suppliers? Proptech might be a growing phenomenon but it is not immune to global headwinds. Having hit a record high in the first half of the year investment in proptech solutions has slowed as the year has gone on. The bubble is over, valuations are falling and it’s time for profitable businesses to step forward.