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| Morthy Jameson/Unsplash |
No point rehashing the whole COVID-19 impact on global real estate. We all know the last-minute hustle, restrictions and innumerable deals stuck in limbo.
Yet, if you look at it another way, the pandemic forced real estate to transform digitally as a whole and today, the sector is recovering steadily and even booming in several regions.
Biggest tech trends worth noting
🔼 Hyper-automation will cover contracts, leases, invoices and other complex workflows without human intervention, errors and operational hassles.
🔼 Artificial Intelligence will help managers input high data volumes and get outputs instantly, enabling better decision-making. From estimations and forecasting to AI-based voice assistants/chat-bots, and personalized marketing, this one’s here to stay.
🔼 Blockchain tech will help managers streamline operations, enabling newer investment avenues along with stringent transaction verification. In fact, the middleman could soon be elbowed out of the transaction game by e-signatures, smart contacts and virtual payments.
🔼 VR & AR- These technologies are enabling 3D walkthroughs, virtual experiences and more already.
🔼 Metaverse- Last but not the least, this one will become the global real estate platform with new technologies, transactions and virtual properties.
In one sip
Tech is the backbone of innovation in the global realty space. No two ways about it. Watch out for smarter buildings, self-service portals, and better analytics soon.