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How Digital Technology is Changing Property Management and Real Estate

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Dariya Lopukhina
How Digital Technology is Changing Property Management and Real Estate

According to research by Savills PLC, one of the world's largest global property service providers - with over 700 offices - real estate around the world is worth approximately $228 trillion.

Global real estate, as an investment asset category, is worth more than stocks, shares and debt investments combined (worth around $170 trillion) and real estate investment continues to flow. Some analysts are starting to describe the funding environment as “frothy”, although most are confident growth will continue.

There are over 120 companies in this space, covering a wide range of innovative solutions. From new listing and search platforms, to marketplaces (residential and commercial), DIY solutions for home sellers, financing platforms, and other solutions.

There is competition in this sector to fund deals. As Connell McGill, Co-founder/CEO of building data software firm Enertiv notes: “You have all these families where real estate is their core business, and now there are these new technologies that are aiming to disrupt their space or make their businesses more profitable," McGill said. “These are families that have a significant amount of resources that can be invested [in real estate tech].”

In that sense, real estate tech companies benefit from understanding the environment they operate in. Real estate is big business. Property tech companies are only going to grow when they can clearly show how a solution they are offering is going to generate more value/revenue and returns for property owners.

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Dariya Lopukhina
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