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3 Technologies Transforming the Property Sector

Technology is transforming the way we do business. As with any other industry, there are several technologies that seek to refine and reinvent the property sector for the digital age.

Green Tech

Environmental concerns have dominated the headlines for the past decade, and as other sectors have had to adapt to new legislation and refine practises to be more efficient. So, has property.

Decreasing energy consumption, increasing water retention, and increasing heating and cooling systems efficiency are some of the sectors aims to create sustainable properties.

Technology can be used to meet those goals at any point from construction to long after completion.

Some of the tech that be can be used in building, include: cool roofs (designed to reflect more sunlight, and absorb less heat), Low-emissivity glass (prevents heat from escaping via windows), and Smart glass (switches from transparent to translucent, to let trough and block light wavelengths).

In home tech refines energy use by giving you control, of Smart thermostats, smoke alarms, ang lights through apps.

3-D Printing

One of the biggest innovations of the last decade that could be an enormous asset to the property sector is 3-D printing.

3D printing is compatible with traditional building material, such as concrete and steel, as well as plastics. As such, printing materials could decrease construction times by 50-70%.

Not only that but 3-D printing would also reduce building costs and the workforce needed to complete construction.

By 2050, it’s estimated that 66% of the world’s population will live in an urban setting. Adopting the use of 3-D printing as the norm would help to increase the supply of housing in those densely populated areas.

However, we’re unlikely to see full scale 3-D printing in the industry soon, with it more likely being used for specific components.

Virtual Reality

Virtual reality could be a game changer.

Essentially it would allow overseas investors and investors in off-plan developments a greater insight into the property they’ve chosen. They would be able to see and experience the property for themselves and establish its potential. Saving both time and money.

Used effectively virtual reality would improve the speed and quality of the buying process.

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