INDUSTRY OUTLOOK
That said , PropTech ( technology and innovations that provide solutions to inefficiencies in real estate ) has certainly begun to disrupt the market over the course of the last generation .
PropTech – connecting the market internationally
Conservative , archaic and stable investment are all terms still used to describe the UK real estate market .
Technology that accelerates the processes of renting , buying and selling has flooded the market and connects renters and buyers directly to the seller or landlord .
Virtual Reality property tours , drones being used for multi-perspective site visits and internal tours of large commercial buildings are becoming commonplace , making the viewing process much more efficient and accessible to the international buyer or tenant . Additionally , geothinQ is a GIS mapping software that provides on-demand real estate mapping , it does this by visualising property data , such as county maps , topography , flood zone maps and soils . Software like this helps makes for smarter decision-making when considering the acquisition of land for building sites .
Smart buildings
Innovations in the operation and management of buildings have been transformed by ‘ smart ’ devices and appliances – many of which are connected to the cloud . Purchasers may also access a complete history of the property ’ s maintenance and upkeep from smart devices connected to electrical systems , heating , ventilation and air conditioning and plumbing .
Software is key here . PHYSEE – a company that has developed tech to help reduce energy consumption – sensing the environment and converting sunlight into electricity simultaneously by allowing transparent windows to generate data ; making living spaces more energy efficient and sustainable . www . intelligentfin . tech
41