With the current pandemic and economic crisis many industries are changing. Real Estate is one of such industries which changes its way of working and strategies. With the use of technology real estate industry is changing to serve the clients much better. Here in this article we want to discuss some of the new trends that can be seen in the property market and real estate industry.
Although most real estate experts predicted in slow growth in property market industry, with the online tools and technology it is clear that real estate market is growing. From purchasing decisions to investments, technology is involved in most necessary activities in property transactions. This is where proptech is changing real estate towards its growth.
We cannot forget the Digital showings instead of physical visits amid the covid-19 situation.This is one of the latest trends in real estate due to lockdown and covid-19 pandemic.
Physical site visits are not possible in this pandemic situation. However digital showings are possible with online collaboration tools. Initially some clients did not want to examine the properties using digital technology. However lately digital showings became more popular and it creates a new trend in real estate industry.
With apps and other collaborative tools clients can easily find latest real estate news and details of available properties. New or first time owners tend to use such apps and other technology tools for their transactions.
After all technology enhanced real estate industry is expected to grow while keeping the property prices without falling.