Latest news with #realestateindustry
Fast Company
3 days ago
- Business
- Fast Company
How automation improves real estate interactions
Miscommunication, missed messages, forgotten requests—these are the hidden costs of doing business in real estate. In the real estate industry, manual data entry mistakes, such as misallocated expenses or incorrect financial reporting, can cost companies millions annually. Research indicates that manual data entry has an error rate ranging from 1% to 4% and each error can cost up to $25 to rectify. These costs can manifest as missed investment opportunities, unresolved tenant issues, and lost client trust. Real estate professionals cannot afford to ignore these inefficiencies. But it doesn't have to be this way. Automation is transforming real estate by eliminating these friction points, not just for large firms but for small businesses and independent professionals as well. When used correctly, automation doesn't replace the human touch—it enhances it—bringing clarity, consistency, and professionalism to every interaction. Clarity and consistency through automation In any business, consistency is key to maintaining professionalism. Automation allows companies to standardize processes, ensuring that terms, policies, and interactions are clear and uniform. This not only minimizes misunderstandings but also builds trust with clients and partners. Everyone knowing what to expect reduces disputes and enhances professionalism. In real estate, this is especially true in lease management. Automated enforcement of lease agreements ensures that terms such as late fees, payment deadlines, and maintenance responsibilities are clearly outlined and consistently enforced. Clear, legally compliant lease terms reduce ambiguity and prevent disputes. For real estate agents, investors, and landlords managing their own properties, automation makes it easier to comply with local laws by applying consistent terms across all leases or transactions, protecting interests, and building client trust. Additionally, automated in-app messaging leads to stronger relationships and fewer misunderstandings by providing a centralized platform where landlords and tenants can communicate. Real-time, two-way communication directly within a secure system eliminates the need for scattered text threads, emails, or missed calls. Landlords can track and manage conversations efficiently, while tenants gain a clear channel for addressing concerns, receiving updates, or asking questions. Predictable and respectful communication Automation can also elevate customer interactions by maintaining consistent, respectful communication. In business, this means automated reminders for appointments, follow-ups, or deadlines, ensuring clients are kept informed without feeling overwhelmed or neglected. For property managers and landlords, this is exemplified by automated rent payment reminders and notifications. Rather than sending ad-hoc texts or emails—sometimes at inconvenient hours such as early morning or late night—landlords can set up reminders delivered consistently at the same time of the day and on the same days of the month. This reduces late payments, maintains professionalism, and respects tenants' personal time. Automation also supports multiple payment methods, offering tenants convenience while providing landlords with a clear, trackable payment history. Streamline management Effective management requires keeping track of tasks, requests, and communications without anything slipping through the cracks. Automation excels at this, offering centralized systems where tasks are logged, prioritized, and tracked. In real estate, this is best seen in maintenance management. Automated systems allow tenants to submit maintenance requests, which are then logged, categorized, and tracked. Tenants can see the status of their requests, reducing repetitive follow-ups, while landlords have a clear record of completed work, costs, and vendor interactions. Enhance client experiences Businesses across industries are increasingly focused on the client journey, ensuring that every touchpoint is smooth and satisfying. In real estate, automation can transform this experience by streamlining scheduling, property showings, and follow-ups. For real estate agents, this might mean automated property match notifications or self-service scheduling tools that allow prospective buyers or renters to book showings without waiting and prevent double bookings. Beyond convenience, automation elevates professionalism. Agents and landlords can maintain consistent follow-ups, ensuring that clients receive timely responses and critical information without delays. This reduces client anxiety, builds trust, and helps real estate professionals create a reputation for reliability and responsiveness. Furthermore, automation can help investors offer value-added services that improve tenants' financial well-being. For example, credit-boosting features allow tenants to report on-time rent payments to major credit bureaus, helping them build their credit scores over time. This benefits both tenants, who see improved credit, and landlords, who often experience a noticeable increase in on-time payments. Such features make rental properties more attractive to prospective tenants and foster long-term loyalty. Data-Driven Decisions for Smarter Investments Automation is a game-changer for investors who rely on data to drive decision-making. Automated tools can collect and analyze market trends, rental yield data, property valuations, and investment forecasts in real-time. This gives investors immediate access to insights that can guide strategic decisions. Beyond basic data access, automation also allows for customized dashboards where investors can visualize performance metrics across their portfolio. This helps them quickly identify high-performing properties, spot emerging opportunities, and make informed decisions faster than competitors relying on manual research. For instance, RentRedi runs surveys that provide critical insights into landlord behaviors, from how they prepare for tax season to how they screen tenants. Understanding these patterns helps professionals benchmark their practices, anticipate challenges, and make more informed decisions. Additionally, we partner with Chandan Economics to develop data reports that offer broader market insights by tracking trends in rental demand, property values, and landlord investment plans. Access to this kind of data ensures that professionals are not making decisions based on guesswork but on solid, actionable intelligence. Elevating Industry Standards In an industry where professionalism can make or break a deal, automation allows real estate professionals to minimize miscommunication and hidden costs. Businesses that embrace automation can reduce costly errors and deliver consistent, high-quality service that sets them apart. As they raise the bar for professionalism, they gain a competitive edge, build stronger client relationships, and operate more efficiently. This means that even the smallest landlords can adopt best practices once reserved for large corporate investors. Automation allows real estate professionals to focus on higher-value tasks like client relationships and portfolio growth. As automation becomes the norm, professionalism in real estate is becoming the standard, rather than the exception.
Yahoo
6 days ago
- Business
- Yahoo
2025 Real Estate Top 5 Emerging Markets Industry Guide: 2020-2029 Top Players, Key Financial Metrics and Analysis, & Competitive Pressures
Explore the Emerging 5 Real Estate Industry Profile, a comprehensive analysis capturing industry size and forecasts to 2029. Key insights include a growth from $28.99 trillion in 2024 to $38.43 trillion by 2029, driven by China, India, and Mexico. Discover competitive dynamics and leading players, vital for strategic insights. Dublin, May 26, 2025 (GLOBE NEWSWIRE) -- The "Real Estate Top 5 Emerging Markets Industry Guide 2020-2029" report has been added to Emerging 5 Real Estate industry profile provides top-line qualitative and quantitative summary information including: industry size (value and volume, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Highlights These countries contributed $28,99,184.8 million to the global real estate industry in 2024, with a compound annual growth rate (CAGR) of -3.2% between 2007 and 2011. The top 5 emerging countries are expected to reach a value of $38,43,538.7 million in 2029, with a CAGR of 5.8% over the 2024-29 period. Within the real estate industry, China is the leading country among the top 5 emerging nations, with market revenues of $14,53,247.8 million in 2024. This was followed by India and Mexico with a value of $9,00,314.2 and $2,57,086.7 million, respectively. China is expected to lead the real estate industry in the top five emerging nations, with a value of $17,80,187.4 million in 2029, followed by India and Mexico with expected values of $13,40,099.2 and $3,48,913.1 million, respectively. Scope Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the emerging five real estate industry Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the emerging five real estate industry Leading company profiles reveal details of key real estate industry players' emerging five operations and financial performance Add weight to presentations and pitches by understanding the future growth prospects of the emerging five real estate industry with five year forecasts by both value and volume Compares data from Brazil, China, India, Mexico and South Africa, alongside individual chapters on each country Reasons to Buy What was the size of the emerging five real estate industry by value in 2024? What will be the size of the emerging five real estate industry in 2029? What factors are affecting the strength of competition in the emerging five real estate industry? How has the industry performed over the last five years? What are the main segments that make up the emerging five real estate industry? Key Topics Covered: 1 Introduction1.1. What is this report about?1.2. Who is the target reader?1.3. How to use this report1.4. Definitions2 Top 5 Emerging Countries Real Estate2.1. Industry Outlook3 Real Estate in South Africa3.1. Market Overview3.2. Market Data3.3. Market Segmentation3.4. Market outlook3.5. Five forces analysis4 Macroeconomic Indicators4.1. Country data5 Real Estate in Brazil5.1. Market Overview5.2. Market Data5.3. Market Segmentation5.4. Market outlook5.5. Five forces analysis6 Macroeconomic Indicators6.1. Country data7 Real Estate in China7.1. Market Overview7.2. Market Data7.3. Market Segmentation7.4. Market outlook7.5. Five forces analysis8 Macroeconomic Indicators8.1. Country data9 Real Estate in India9.1. Market Overview9.2. Market Data9.3. Market Segmentation9.4. Market outlook9.5. Five forces analysis10 Macroeconomic Indicators10.1. Country data11 Real Estate in Mexico11.1. Market Overview11.2. Market Data11.3. Market Segmentation11.4. Market outlook11.5. Five forces analysis12 Macroeconomic Indicators12.1. Country data13 Company Profiles13.1. Starlight Investments, Ltd.13.2. Boardwalk Real Estate Investment Trust13.3. Killam Apartment Real Estate Investment Trust13.4. Canadian Apartment Properties Real Estate Investment Trust13.5. Fibra Uno Administracion SA de CV13.6. Consorcio ARA SAB de CV13.7. Desarrolladora Homex SAB de CV13.8. Greystar Real Estate Partners LLC13.9. Invitation Homes Inc13.10. Grainger Plc13.11. Mid-America Apartment Communities Inc13.12. American Homes 4 Rent13.13. Equity Residential13.14. Ingenuity Property Investments Ltd13.15. Fortress Real Estate Investments Ltd13.16. Equites Property Fund Ltd13.17. Gafisa SA13.18. Cyrela Brazil Realty SA Empreendimentos e Participacoes13.19. PDG Realty SA Empreendimentos e Participacoes13.20. Dalian Wanda Group13.21. China Vanke Co Ltd13.22. Country Garden Real Estate Group Co., Ltd.13.23. Prestige Estates Projects Ltd13.24. Oberoi Realty Ltd13.25. Housing Development & Infrastructure Ltd13.26. Sobha Ltd13.27. Vonovia SE13.28. CapitaLand Group Pte Ltd13.29. Mitsubishi Estate Co Ltd13.30. Nexity SA13.31. Icade SA13.32. Gecina SA13.33. Immobiliere Dassault13.34. Deutsche Wohnen SE13.35. LEG Immobilien SE13.36. TAG Immobilien AG13.37. Brioschi Sviluppo Immobiliare SpA13.38. Borgosesia SpA13.39. Abitare In SpA13.40. Gabetti Property Solutions S.p.A13.41. Sumitomo Realty & Development Co Ltd13.42. Daiwa House REIT Investment Corp13.43. Sekisui House Ltd13.44. Mitsui Fudosan Co Ltd13.45. Grocon Pty Ltd13.46. Meriton Apartments Pty Ltd.13.47. Mirvac Group13.48. Lendlease Corp Ltd13.49. Bever Holding NV13.50. Wereldhave NV13.51. Brack Capital Properties NV13.52. Metrovacesa SA13.53. Blackstone Capital Partners LP13.54. Servihabitat XXI SAU13.55. Neinor Homes SA13.56. Sigma Capital Group Ltd13.57. London and Quadrant Housing Trust13.58. Quintain Ltd For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
6 days ago
- Business
- Yahoo
How AI is reshaping real estate
Artificial intelligence, or AI, has the potential to shake up a lot of industries. In the video above, VettaFi senior research analyst Zeno Mercer joins Asking for a Trend with Josh Lipton to explain how AI could reshape the real estate sector. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. And basically, you know, you're walking people and your clients with this idea that AI and robotics, they're transforming the real estate industry. It's driving what you say is this, this real transformative evolution of the of the industry. Walk us through it just high level. What do you mean by that? Yeah, so AI robotics are, you know, traditionally, I mean robotics has been traditionally people think of it as manufacturing and logistics, but it's gonna be a lot more than that. It already starting to be AI we already. You know, can drive efficiencies and and connect the dots and improve, um, you know, efficiency gains in a lot of places but high level if you break down, um, like real estate, the use of real estate and the use of really anything in the world you're you're making things, you're moving things, you're manipulating things or you're storing things that's majority of GDP fits into that bucket with real estate, um, if you, if you think about it. AI and robotics is going to transform the entire life cycle of real estate, so you've got the design. So how are you building things? Where are you building things and so there's a couple of considerations there. So you're gonna have AI robotics used uh in housing in mobility and transportation. You're gonna see, you know, things like parking lots turn in the parks as you see less need because we have autonomous vehicles that don't need the park. So there's a design element where A robotics will or artificial intelligence will redesign how we're thinking about designing. So companies like Autodesk, players like that will will have a huge play into um. Just like that, that system of designing and there's also the materials and energy designs that are gonna come into play. So if we think about um you know, we run on energy, uh, the most advanced economies have higher utilisation of energy and so that's a big component of that is the energy efficiency. So now we're moving on to once we built or we have to design it, then we build it. Right now robots have pretty low penetration that actually build things. It's still very physically manual labour intensive. You do have some fab construction where like they premake it and there's some 3D printing things, but on job sites it's still very manual and there's a lot of room, there's a lot of need to improve the efficiency. Here we have labour shortages and we we have unmet needs we have uh housing crisis. I mean people can't afford to live here or uh operating system really isn't functioning we have a lot of debt like we can't really operate the way we're going so we actually need to use more AI robotics to improve that side of things. Next stage is actually operations so. AI will become the operating system of buildings and so that's uh energy efficiency that's improving the quality of life. Think about the ageing population a lot of them get sent to nursing homes, but like in reality it's like why can't more people live at home? So if you start to add AI you have more energy efficiency you have, you know. More robots that can accomplish more goals that actually fundamentally shifts where people will be thinking about development of real estate because that will change people's lives and so that also goes into like data centres and other things that energy management component is very, very important when you, when you think about the real estate industry though, you know, I mean it can be it can be. A highly regulated industry and sector does that pose any kind of challenges or obstacles to deploying and integrating this kind of next gen tech you're talking about? It's a huge opportunity because right now let's back up to like Doge, OK? I think we brought up Doge on the show before, but in this case. We're not trying to move fast and break things. We're trying to move fast and make things, and if we're doing that, AI can actually improve how we're validating and and reduce the red tape speed like the the the cycle. So you know, permits take too long. There's a lot of like opinions and local governments that are kind of getting in the way and stopping kind of NIMBY versus YIB. And so you know AI can also be used on the flip side of the governance side of saying like why do we have these regulations? Is this for safety, energy efficiency and codify that and so now these codes are. Uh, you know, these laws can be codified and made easier so we'll see faster uptick and reduce costs and so developers will say like, oh, I'm more likely to be able to get this through the door faster. Here are the incentives this is what I need to do so you can actually see improvements from that. But yeah, I mean people will talk about energy consumption, um, and there are a lot of players that are trying to reduce that, um, and make you know more efficient energy efficient buildings so that that should be a net positive. I don't think anyone's gonna be against that.
Arabian Business
12-05-2025
- Business
- Arabian Business
Branded hotels and residences
With 1,530 branded real estate projects expected in the world by 2031 it is a booming market and Dubai is at the forefront
Yahoo
08-05-2025
- Business
- Yahoo
As real estate listings become more private, Zillow fights back
A battle over how homeowners list their properties for sale is shaking up the housing industry, with big implications for sellers and buyers. On April 10, the massive real estate company Zillow announced it would not accept any listings that have been previously offered for sale in a selective manner, a direct response to a step from an industry group that many observers felt limited choice in the marketplace. In March, as USA TODAY previously reported, the National Association of Realtors set out new guidelines for how seller listings can be shared. The group clarified that real estate brokerages can continue to share listings among agents at the brokerage, as has long been the case. But it also offered sellers a new option: delaying disseminating a listing beyond the multiple listing service databases once it is posted there. Supporters of the 'delayed marketing exempt listing' option say it gives sellers an opportunity to test the waters of the market before committing to advertising a property more broadly. But detractors disagree, arguing that it makes the marketplace more fragmented, inefficient, and potentially discriminatory. More: Residential real estate was confronting a racist past. Then came the commission lawsuits In early April, Zillow flexed its muscle. 'We believe a listing available online anywhere consumers can see it must be online everywhere listings are displayed,' the company said in a statement. Zillow acknowledges that various brokerages have their own web-based marketplaces, both internal and external-facing, which may defy easy categorization, but says the spirit of its policy holds: as soon as a listing is shared with a consumer – whether on a brokerage's own website, via a lawn sign or social media, or in any other method – it must be shared with the local multiple listing service within one business day or forfeit the opportunity to be shared on Zillow, ever. The qualification about being accessible to consumers is important because there are reasons when sellers might want privacy, rather than broad exposure. That can be achieved by allowing real estate agents to market properties among themselves, as they have long done. Zillow's step matters: the company is the 800-pound gorilla in residential real estate. According to a February investor presentation, 80% of consumers come directly to Zillow. Among users of listings apps, Zillow commands 64% of all traffic, more than four times its closest competitor, Not everyone is cheering. 'Portals should remain neutral,' said Andy Florance, founder and CEO of the parent company of a smaller residential marketplace, in April 14 comments shared by a spokesperson. 'Zillow is asserting that they, not NAR, not your brokerage, not you the listing agent ‒ and not even the homeowner whose house it is and is paying the commission ‒ should decide how a listing is marketed,' Florance added. 'This isn't about protecting consumers ‒ it's about protecting Zillow's ability to profit from listings by selling leads to competing agents.' Zillow does benefit from consumer traffic to its website, including by selling customer leads and ad space, and also offering house hunters various additional services such as mortgages. But many consumer advocates and industry participants say it's still a step in the right direction, toward a more cohesive and transparent marketplace of listings. "We encourage all brokers to support Zillow's efforts to maintain the transparency of real estate markets and prevent their balkanization,' said Stephen Brobeck, a senior fellow with the Consumer Policy Center. And Summer Goralik, an independent real estate compliance consultant, called the step 'significant' and 'bold.' 'While the industry looked to NAR or the DOJ for direction on listings, Zillow stepped in, took a stand, and seized control of the narrative,' Goralik told USA TODAY. Most industry participants note that NAR's March policy was crafted in response to lobbying from a few large national brokerages, including Compass. Compass declined to comment for this story, but previously told USA TODAY that "sellers need more options and flexibility in how they market their homes." This article originally appeared on USA TODAY: Zillow takes a stand as real estate listings become more private Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
