DUBAI, UAE, Aug. 12, 2021 /PR Newswire/ — LandOrc, headquartered in UAE, is a new Tech solutions provider that facilitates lending for real estate industry by providing access to Decentralised Financing (DeFI) and utilising land titles in non-fungible token (NFT) form as a collateral, with all transactions on the Ethereum blockchain for greater trust, transparency and speed.
The value of the world’s real estate market reached US$280.6 trillion, the highest figure ever recorded by Savills’. With an annual increase of 6.2%, residential real estate accounted for the largest share (US$ 220.6 trillion) of the market. Commercial real estate (US$ 33.3 trillion) and agricultural and forestry real estate (US$ 27.1 trillion) made up the rest.
In 2017, the average global base lending rate was 11.53%, but it has since increased almost across the board in 2019 (11.57%). According to a 2020 KPMG report.
Digitalizing the real-estate market with NFTs +…