admin Like all other industrial verticals, the real estate sector has not been immune to the changes introduced by the 4th industrial revolution. The advent of tech tools like AI, ML, VR, and others have changed the way we think of buying and selling properties. Benefiting from such trends, the real estate sector has registered unparalleled growth in the course of the last decade.
It is thus important to interrogate what lies ahead for the sector in the upcoming months of this new year. While changes induced by the previous years have been altering the nature of this sector for a while, tech trends for 2022 will determine its future trajectory. Listed below are the 6 most important tech trends that will shape the real estate industry in 2022:
- 3D Apartment Tours
In the wave of the ongoing digitization wave and the pandemic, we can expect to see a rise in virtual apartment and property tours. Since property investments are quite hefty for people, they prefer reviewing the site multiple times before investing in it. However, with the ongoing pandemic, multiple site visits may not be feasible. This is where VR tech comes in handy. Real estate agents are now using VR tech to provide virtual tours to their clients who want to review the listing before investing in the same. This also helps save money, time, and efforts. Given the popularity of this trend, we can expect it to continue growing in the upcoming months of 2022.
- Automated Platforms Will Continue to Rise
According to the trends of the bygone years, automated rental and property ownership listing sites will continue to maintain their dominance in 2022. Given the popularity of searching for listings online, these platforms are set to keep up their growth rates this year. Real estate agents can reap the benefits of this trend by being proactive with their listings and posts on social media sites and other property-oriented platforms and webpages. This will help potential buyers and sellers get in touch with them, streamlining the process of sales.
- Chatbots
Leveraging the boons of AI, the real estate sector is set to expand its horizons vis-à-vis chatbots. Since most clients privilege prompt and clear responsive feedback from their real estate agents, firms that incorporate conversational AI into their operational framework are set to benefit from the same. An automated service desk can change the way customer-relations management is undertaken at a real estate firm. This will also help make 24×7 helplines with prompt and correct responses available to clients.
- Utilizing Hi-Tech Tools
Real estate agents have already started using advanced tech tools like hi-tech drones to showcase property listings to clients. Apart from aerial photography, advanced tools like drones offer a 360-degree view of the listing, giving the client a comprehensive understanding of the area. While this trend has already picked up pace last year, it is set to further amplify in 2022.
- Big Data
Another trend that’s bound to amplify in 2022 is the use of big data in real estate. Big data analysis helps identify patterns and trends in certain data sets to give us valuable insights about the future. The real estate sector is utilizing big data to accurately predict changes in rent and property metrics. The accuracy rate of such predictions are quite formidable, suggesting their infallibility. The use of big data in the sales and purchase of properties is set to increase in the upcoming days of 2022.
- Applications
While online listings are bound to attract the attention of potential clients, mobile applications are not too far behind when it comes to claiming dominance in this arena. Rental and purchasing mobile apps are extremely popular among those looking to buy or sell properties. These apps help streamline the search for properties as well as the process of listing places for rent or sale. They incorporate widespread data bases to provide users with a holistic data set that allows them to make informed decisions. Moreover, since such apps have multiple listings, users can filter their choices by location, price, features, and other requirements they may have on their shortlists. The importance and use of such platforms is set to grow in 2022.
The real estate market is changing. The ongoing technological revolution has played a key role in altering its shape and character. The 6 trends listed above are miniscule insights into the way this sector is embracing change is set to grow in 2022.
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