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16 July 2018 Comments (0) Architecture, Real Estate, Technology

Three innovations that will soon disrupt real estate

Smart buildings, digital plans: after green buildings and green construction, they are now becoming tech. In June, Paris hosted the first Mipim Proptech Europe. Focus on these start-ups of a new kind that announce the most beautiful revolutions of real estate 2.0.

Long considered resilient to disruptive models affecting all industrial sectors, the real estate industry is now at the beginning of major changes, both structural and cyclical. Just as Fintechs did in finance, Proptechs will change the real estate landscape.

But what exactly is Proptech? Proptech covers all new technologies that are useful in the traditional real estate business. We witness the emergence of businesses that have developed new approaches based on big data, virtual reality, crowdfunding, blockchain, artificial intelligence… They impact the entire value chain: from financing to constructing through the management of the transaction, the building, maintenance and occupation, and more broadly the design of the city.

AI, the supreme guide

An example of this? The platform for searching real estate Co-libry – a Belgian start-up – proposes personalised support throughout the entire real estate process. Co-libry helps customers to choose their future home by focusing on their wishes (time spent on transport, proximity to schools, shops, etc.). AI even suggests key elements to be considered. The platform then guides the customer at every stage, from the acquisition right through to moving in. It offers loans, real estate agents, telecom operators, service firms…

Streamlining the information

Blockchain, this other decentralised IT infrastructure that allows you to save data in a secure chain of blocks, is also used by real estate actors. HBS Research, together with Blockchain Partner, intends to facilitate the relationships between the different stakeholders, ensuring the chronology, the origin and the veracity of the stored information. Thanks to this technology, a transaction between private individuals could in the long term take a month, instead of the current three months, ensures the company. Similarly, in the medium term, this real estate player wants to use blockchain in rental management.

Tracking down energy losses

Finally, several Proptech start-ups want to improve the energy consumption of the occupants. Deepki collects data that are usually ‘diffuse, scattered, in silos’ and make one digital building file that makes all different pieces of information intelligible. Energy data combined with other kinds of information could for instance be used to detect energy losses. “We are already talking about green value, and soon, with the supervision of the building, we will also be able to talk about its digital value,” says the spokeswoman of Deepki.

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