PropTech – Steering Real Estate Through Volatility

The PropTech pivot

The global real estate market is navigating a ‘corrugated recovery’, with fragmented growth in certain segments and geographies, amidst macroeconomic and geopolitical uncertainties. Rapid shifts in monetary and trade policies are impacting financial markets, investment choices, and asset pricing. Within these challenges, a powerful differentiator has emerged – PropTech has become the compass guiding real estate businesses and charting a course for future growth.

TIQRI has experienced these shifts firsthand – we serve the Nordic region’s largest software house that tailors professional systems for the appraisal and property industry, and a leading global real estate services firm that operates in over 60 countries. Let’s explore these transformations.

Unpacking this toolkit - our expert's view

The new intelligence layer

AI and big data platforms drive today’s predictive analytics for granular market intelligence. These advanced tools more accurately forecast market movements, identify emerging hotspots, and assist property valuers in appraising properties for optimizing investment portfolios.

This also translates into personalized customer experiences, where AI analyzes user behavior to deliver highly tailored property recommendations, and facilitates prioritization for sales teams. Furthermore, dynamic, intuitive dashboards distill complex insights, simplifying decision making.

Beyond listings – the end-to-end edge

Simple listing sites are all but obsolete, and are replaced with end-to-end websites and mobile apps which form an ecosystem to take you through an entire journey. From property discovery with advanced search filters, secure documentation, transaction facilitation, and even post-sale property management, these platforms offer a seamless experience.

This evolution caters directly to the expectations of Millennials and Gen Z, who now form the largest audience of buyers and renters.

Increasingly immersive discovery journeys

Virtual Reality (VR) and Augmented Reality (AR), coupled with drone technology offer immersive property tours, allowing potential buyers to ‘walk through’ properties from anywhere in the world, and create a deeper connection with spaces. Virtual staging digitally furnishes and decorates, helping prospective clients visualize a property’s potential without the need for costly physical staging. Real estate professionals can now also create cinematic videos that highlight lifestyle.

This multifaceted approach lets buyers know how a property looks, its functional and decorative potential, and also genuinely feel what living or working in a desired space may be like. 

Real estate management software

Advanced real estate management software offers a comprehensive suite of tools – dynamic pricing optimization, predictive maintenance scheduling, hyper-personalized tenant engagement and even compliance monitoring, are all automated today.

For smaller entities, these tools are a game-changer, democratizing access to advanced functionalities to unlock greater performance and scalability. This enables solo agents and boutique firms to operate with the sophistication of larger enterprises.

Effortless documentation

Real estate is an industry notorious for its tedious documentation and compliance aspects. Document Management Systems streamline these many processes by offering secure, centralized, cloud-based repositories.

Automated workflows, e-signature integration, and robust version control accelerate creation, review, and approval, supporting transparency and faster transaction closure. In this unified ecosystem, real estate professionals, clients, and legal teams work together with ease.

Proactive protection

Risk mitigation transforms into an entirely new creature for proactive foresight and agile adaptation in a volatile environment. There’s a lot beyond the power of AI driven analytics, that helps businesses foresee market downturns, analyze tenant creditworthiness or even detect fraudulent activities. Advanced sentiment analytics complement this by gauging public mood and even identifying hyper-local social trends.

This same technology allows for scenario mapping, enabling businesses to simulate various future outcomes based on economic or geopolitical shifts. PropTech is safely shifting buyers from ‘wait and see’ to enabling them with foresight and tools to stress-test portfolios, and strategically redirect capital for greater resilience.

TIQRI's Perspective

With over 15 years of domain expertise and a history of collaboratively creating next-generation PropTech solutions for leading global real estate companies in the USA and the Nordic region, TIQRI’s success lies in our deep understanding of our clients’ intricate business needs, enabling growth even in the most challenging times.

Interested in exploring new technologies with us? Reach out to Head of Business Development, Mats Hagen on mobile +47 995 00 301 (WhatsApp only) or email [email protected] ; OR  Kim Worm-Petersen, CEO on mobile +47 482 01 638  or e-mail [email protected]

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