Increased data and analytics availability is the tech provision set to have the greatest impact on real estate, a RICS survey of 1,650 global property professionals has found.
Some 57% of those surveyed said that the provision of data would be the most important technological advance, followed by AI at 23%, blockchain at 11% and crowdfunding (9%).
Radius Data Exchange: the future of real estate data
The survey also revealed that those surveyed believe that the biggest threat to real estate is geopolitical and economic uncertainty, with 1,577 of those surveyed identifying this as an issue, followed by changing consumer preferences (1,280) and inadequate infrastructure (1,279).
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