The Impact of Technology on Property Markets: An Overview
Tech has changed the property market in recent years. It has reshaped both business and home sectors. We near 2025, and tech change will go on. New ideas appear in how we manage properties and plan investments. This article lists current trends, new property tech, and shows how these shifts affect investors, especially in shared house sectors.
Proptech: A Game Changer
Proptech has grown very fast in this field. It started as simple management software. It now works in many ways. Virtual reality gives buyers a 3D look at homes. Some tools build digital models that copy buildings. Proptech also joins with new funding sites. These sites attract much money. Some use blockchain to turn real assets into digital tokens. A recent report shows that big firms are trying out tokenisation.
Changing the Face of Estate Agency
Young buyers push change in house sales. Many Millennials and Gen Z search online before they visit a home. Agents see this shift. They now spend more time to show homes online. Virtual 3D tours catch the eye of tech-minded buyers. Drone photos now show home views from high up. Automated chat helps answer questions and cuts work time. Companies that buy many homes at once, known as iBuyers, add to this trend. Surveys show that 71% of owners might sell to an iBuyer. They trust quick pricing tools and new tech.
The Role of Generative AI in Real Estate
AI now plays a strong role in real estate. Generative AI and machine learning power many of today’s systems. They help firms set home values and guess market moves. These tools work in mortgage checks, home insurance, and more. Soon, these methods will spread wider. They also support 3D mapping and digital property management systems.
Conclusion
Tech changes the property market fast. The old ways in real estate now meet strong new shifts. Personal ties still matter, but firms that ignore tech risk falling behind. Investors in shared-house markets must keep up with these changes. Keeping updated helps investors see new chances to grow and win in a changing market.
Further Reading and Sources
- Coindesk – Real World Assets Tokenisation: Coindesk
- PropertyWeek – Digital Estate Agency Trends: PropertyWeek
- The Guardian – The rising influence of iBuyers: The Guardian
- The Financial Times – Proptech Landscape and Innovations: Financial Times
