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Zynstra Hybrid IT Blog

3 Proptech Trends to Look out for in 2017

Posted by Team Zynstra on Feb 23, 2017 9:19:04 PM

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Technology has presented a threat as a disruptor within many industries over the last decade. This is particularly true of retail and hospitality, with the innovations surrounding self-service and delivery. Real Estate has been one of the few industries to escape disruptive tech relatively unscathed – that is until recently. Property tech has landed, and brings with it an ever-increasing standard from customers, who have grown accustomed to the way in which innovation has made their lives easier for purchasing across multiple retail industries, and now expect the same level of customer experience when evaluating real estate portfolios or simply buying property. This blog post specifies three game changing proptech trends to look out for this year.

Virtual Reality

Virtual reality often conjures up the image of one of the newfangled entertainment rigs, such as the Occulus Rift. While entertainment is certainly the salient function of virtual reality, it is being used in other areas: in health, in tourism, and has now moved on to property.

The idea of utilizing virtual reality to showcase properties to potential buyers is a simple and yet brilliant idea. It allows a larger volume of people to inspect each property, thereby increasing the chances of getting a favorable offer on the property. This has already been adopted by a limited number of high-end estate agents – and virtual reality viewing has only been trialed within specific areas – since 2016. One such estate agent is Right Move, offering those within the London area the chance to view properties by attaching a Google Cardboard box to their smartphone. They demonstrated how one can add annotations with the viewing, effectively labelling each room and unique selling points.

Virtual reality will likely become far more prevalent in 2017 and beyond. Particularly as the technology becomes more accessible to smaller companies, and as those who have tried it have already demonstrated the value of virtual reality.

3d Printed Houses

Another staple of modern innovations would be 3d printing – the creation of custom items by a versatile printing unit. So far, 3d printers have been tasked to create mechanical parts, toys, weapons and even assemble fast food meals. Now, they’re moving towards construction. In fact, the creation of inhabitable houses via 3d printing has already been demonstrated on numerous occasions. What’s more, some 3d houses have been designed specifically to withstand earthquakes, showing the potential for houses created to meet environmental issues, as well as customer preferences. Not only will 3d printing allow for a surge in cheap, affordable housing, it will also open the door for property developers to provide a range of additional customizations for customers to request.

Integrated Tech

The increased need for information made readily available in real time has prompted many estate agents to run house viewings armed with a tablet, smartwatch or smartphone, so that they can answer whatever question they get from viewers. This can be anything from viewing the property safety certificates, or showing the price fluctuations of the surrounding area instantly. Providing such information can put viewer’s minds at ease, leading to an increased likelihood of making a sale.

Cloud Managed Servers

These trends are changing the way that property companies regard their servers. In order to process the sheer amount of information required to run a modern-day property company, the server has to be versatile, secure, and yet have the ability to improve in parallel with the business, for optimal scaling. A Cloud Managed Server is physically situated within a branch, but also exists as a private managed cloud, combining the best from on-premise and cloud: security with minimal update times; efficiency with flexibility. What's more, it allows you to run the new wave of local applications on-site that make a difference to your customers – and at minimal expense.

Branch IT Real Estate.pngFind out more with this free guide on branch IT for Real Estate.

Read about:

* Managing information technology across distributed branches can be streamlined

* The new requirements for branch IT, and how these new omni-channel real estate strategies cannot be supported by old IT solutions

* The true cost of ownership

* By combining hybrid cloud and hyperconvergence, Cloud Managed Servers offer new opportunities for branch IT


Topics: Proptech