5 Real Estate technology trends you can expect in 2019–2020

Proptech, Cretech, Retech are all acronyms used to describe any technology that is used for the real estate space. These terms began to emerge after the implementation of significant improvements in this market, and have gained visibility all around the internet. But is technology actually indispensable to the success of the real estate industry?

The data says so …

According to 2019 Deloitte’s report, which 500 global investors participated in, “nearly 53 per cent of respondents believe that technology advancements will have the greatest impact on legacy properties within the next three years, and 15 per cent believe the impact is already visible”.

Indeed, new real estate models have started to gain a place in the industry, changing the way that physical space is conceived and consumed. Let’s think about WeWork, a co-sharing space that now has 287 physical locations across 23 countries. This company has the capability of understanding new workforce generations that have a different mindset and use different strategies, workflows and dynamics.

Now, let’s talk about the 5 trends that are expected for the industry.

Automation

Automation allows efficiency, time-saving, agile workflows and better customer…