The real
estate industry was changed a lot over the last decade, and after
that new
technologies are having a surprising set of an impact on the way that the
real estate agents do their jobs. At the same time, comparison sites
and other newcomers to the real estate industry are giving more choices and
facilities to a particular client when it comes to buying and selling property.
Introduction
All of this means that the industry as a whole is coming in
terms with what maturity looks like, while maintaining development and new
brand technologies are making changes the way that real estate agents work on
almost a daily basis. And now that we're getting stuck into another new year,
it seems as good to take a look at
what's in store.
With that in mind, here are just a few successive trends
that are set to disrupt the real estate industry in 2018 and beyond.
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| PROFESSIONAL IDEAL SERVICES |
This year has been one of twists and turns around for the
real estate market. Almost over every real estate year, the market can shift or
replace in an instant. For this particular reason, real estate professionals
need to keep their eyes in connect to open for the next up-and-coming trends to
hit the market place and cause a stir. Knowing in advance what to expect in
terms of market trends for the real estate industry will not only give you an
edge over your competition, but the marketer can help you to serve your
customers in better options. You’ll be ready and able to implement, react to or
inform about the different ways for the market to shift for the rest of the academic
year — both good or bad.
Looking forward to the year 2020 and beyond, the real
estate investment industry will find itself at the centre of rapid economic and
social change, which is transforming the built environment condition. While all
of these trends are already evident, there’s a natural tendency to
underestimate their implications over the next six years and beyond. By 2020,
real estate managers will have a border range of multiple opportunities, with
greater risks and new valuable drivers. As real estate it is the business with wide
long development cycles – from planning to construction takes several years for
the growth of such development – now is the time when to plan for these
changes. Already, thousands of people migrate from country to city across Asia,
the Middle East, Latin America and Africa on a daily basis, attracted by the
new wealth of these economies. By 2020, this migration will be firmly
established. The cities will swell – and some entirely new ones will spring up.
Meanwhile, the growing emerging markets’ middle class and ageing global
population are increasing demand for specific types of real estate. Subsectors
such as agriculture, education, healthcare and retirement will be far bigger by
2020.
Wellness, work and real estate
A rise in the
recognition and understanding of the relationship between the wellbeing of the
workforce and productivity is leading businesses and developers to explore ways
in which the physical building can promote wellness. Factors that can improve
wellness range from natural light, air quality, noise, and office design. The
introduction of new standards should encourage more businesses to participate.
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| FRONT VIEW |
The rise of co-working space and the need for sm art
buildings Co-working spaces continue to gain popularity and the Internet of
Things is critical to competitive advantage in this field. Therefore cyber risk
and privacy protection must be on top of mind of the real estate investor.
Decision Makers
Real estate decision makers of the future Corporate
organization design i s evolving with the faster pace of technology, a greater
level o f workforce agility, an d the changing nature of job roles, all of
which are impacting the way in which we interact with the physical workplace.
The need to influence property decisions comes from various parts of a business
and ultimately the decision makers are changing to include: CTO, CIO, CEO and
HR.
Fintechs
Complementing the real estate ecosystem
Fintechs have made rapid inroads into the real estate industry. The general
notion is often that startups are a threat to incumbent real estate companies
as they are offering innovative solutions and enhanced user experiences at a
relatively lower cost and faster pace. However, traditional real estate
companies can leverage fintechs to drive operational efficiency, create
powerful tenant experiences or even diversify existing business and generate
new revenue sources. Real estate companies can consider various approaches to
tap into the fintech space.
Automation
Robotic and cognitive automation part 1 What is robotic
and cognitive automation, and how is it transforming the real estate industry?
In the first of two articles we will share our thoughts of this technology. Robotic and cognitive automation part 2 Part 2 of our
look at robotic and cognitive automation.
Real Estate Operations
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| INTERIOR VIEW |
Transforming real estate operations Public sector real
property organizations have an opportunity to fully embrace digital disruption,
transform their property operations and portfolios, and benefit from lessons
learned in the private sector. Today’s traditional public sector property
organizations typically serve multiple clients that span across many programs
of which deliver a wide-range of benefits for the local population.
Estate in Future
The future of commercial real estate Social, economic,
ecological, political, and technological disruptions will change the way we work,
live and shop. These developments will have a significant impact on today’s
established market players in the commercial real estate sector and their share
of the value chain. Who will be successful and who will become obsolete in our
future real estate world?
Blockchain
Blockchain technology has been adopted in the real estate
industry over the past few years, however, the pace in which the adoption is
taking place is rapidly increasing and traditional roles are being fragmented.
What are the lessons learnt so far?
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| KITCHEN OVERVIEW |
Conclusion
As we return to the forum, the growth in
institutional-grade real estate will continue to be strong, creating an even
greater range of risks and opportunities for real estate investors. It’s an
exciting time for the real estate sector. Private capital is in huge demand for
development and investment, yet competition for prime assets is intense. Never
before has local knowledge, specialist expertise and good government relations
been more important. Looking forward to 2020, it’s the real estate managers and
investors with the vision to anticipate emerging trends in the medium term and
to prepare for them, which will be most successful. The winning managers of
2020 will have already started to shape their responses to some or all of the
fast-evolving trends.
