5 Real Estate Technology Trends for the upcoming years (2023–2025)

Flexibility and innovation are the key factors of success and sustainability for Real Estate companies trying to survive in a modern competitive environment

By 2050, the urban population will increase by 75% to 9.3 billion.?This means that the real estate platforms will have to become more advanced and developed.

The demand for housing management will increase significantly, making demand for efficient property management technology solutions, ticketing management systems, and other demands grow.

The proptech branch is actively developing and now undergoing digital transformation. With the help of the adoption of the latest proptech trends, tenants, landlords, and investors to experience the power of technology and make smarter decisions getting a unique user experience.

According to a?survey conducted by Forbes?of 701 multifamily personnel, of the 117 corporate proptech companies respondents, 85% believe they would be able to improve profits and growth with better insights into how the property is performing.

For the upcoming years, it is possible to distinguish the following proptech companies’ tech trends:

1. Real Estate Management Software

Real estate management software makes it easier for property owners to manage their real estate and customers online.

Real estate management software saves money and time. It’s going by utilizing the cognitive functions of an efficient computer program for management.

2. Virtual Reality & Virtual Tours

High-quality photos and 360° videos are not going to be not enough in the near future. A 3D virtual tour is a great millennial-like feature for letting customers explore the property.

The next years, VR and AR will massively enter the real estate market since these technological trends have become very popular.

3. Blockchain

There are two ways in which blockchain would help the real estate industry:

1. Tokenization

Usage of cryptocurrency for dividing assets into tokens that will be stored on the blockchain. Tokenization in real estate could enable customers from different locations and using different income to be a part of the investment process. Also, property owners can sell just a chunk of their property.

2. Smart contracts

These types of contracts are agreements that bring transactions between buyers and sellers together. Smart contracts speed up the process of verification, search for homes, and property acquiring. Imbrex plans to launch smart contract-enabled transactions using its own cryptocurrency.

4. Big Data

Real estate websites try to personalize the customers’ experience by suggesting properties based on previous choices. Big data will play an important part in real estate in the future. It allows the software to recommend more intelligent and personal searches.

5. Mobile apps

Property websites need to be mobile-optimized.

In past years, besides having websites, many real estate companies launched their mobile software apps. That’s the perfect solution for people to use digital technologies for their property needs.

If you want to know more about how you can include these technologies to your company, contact us at [email protected]