Investment and interest in real estate technology has never been greater, as a traditional industry looks to streamline processes and adjust to various new challenges and demands. But what are some of the big trends driving actual adoption of innovation and technology? Three real estate technology experts share their views.
Oli Farago, CEO of Coyote Software
“As recently as five years ago, the real estate investment community would by and large assess properties based on traditional criteria, like location, asset type, tenant mix and rental yield. Fast forward to 2022 and the lens through which investors now analyse a property has changed significantly, with an increasing emphasis on non-financial factors to identify risks and growth opportunities. Workplace wellbeing, ESG, hybrid-work, connectivity, and diversity and inclusion, are all major considerations for the modern real estate investor.
“With a need to assess properties from an ever-increasing number of angles – all the while ensuring they move fast in the bidding process – access to live, accurate and detailed data is now absolutely essential. In turn, that is leading to the digitisation of information across the real estate industry and a growing demand for solutions that instantly collate, analyse and visualise the data that investors now require in order to do their jobs.”
This article originally appeared on The World Property Journal on 13th April