Proptech-fintech could allow 'generation rent' to own property
Stagnant wages and rising median house prices in urban centres have put property purchases out of reach for many working age households and are turning markets like Australia, New Zealand and the UK into "generation rent" models. Proptech and fintech firms are capitalising on the situation by offering more accessible means of investing in property, such as fractional ownership. Loan providers have an opportunity to partner with these types of firms to mainstream initiatives, which with government backing and correct execution could help to address imbalances and long term uncertainty in housing markets.
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