Browsing: Tech

A recent survey by Deloitte revealed that 81% of commercial real estate companies plan to increase their spending on data and technology in 2025, with a particular emphasis on leveraging Generative AI. The integration of AI into the industry is seen as a critical driver of digital transformation, with developers keen on using AI for...

The Mortgage Bankers Association reported a significant 21.9% drop in mortgage applications for the week ending December 27, 2024, compared to two weeks earlier. This sharp decline, which includes both refinance and purchase applications, signals potential headwinds for the housing market as the industry enters 2025. Experts attribute this downturn to a combination of rising...

In early 2024, PropTech startups powered by artificial intelligence (AI) attracted a record $3.2 billion in venture capital investments, despite a 14.3% decline in overall funding compared to previous years. This surge highlights the growing confidence in AI’s ability to transform the real estate industry, positioning these startups at the forefront of a technological revolution....

The global real estate software market is projected to expand by USD 7.2 billion from 2024 to 2028, driven by the increasing adoption of artificial intelligence (AI) and the growing demand for innovative digital tools in the real estate sector. The market’s growth is further fueled by the rise of the middle-class population and the...

The Philippine real estate sector underwent significant transformations in 2024, with pivotal changes driven by infrastructure improvements, economic policies, and growing emphasis on sustainability initiatives. A key player in this revolution was the Pambansang Pabahay Para sa Pilipino Program (4PH), which sought to address the country’s long-standing housing shortage. Through this program, the government set...

Residential property developers in the Philippines have been advised to diversify their projects geographically, as data reveals a stable demand for residential units outside Metro Manila. According to Colliers Philippines, the take-up rate for residential units outside Metro Manila has been increasingly positive, with areas such as CALABARZON, Central Luzon, Central Visayas, and the Davao...

Estates Gazette, a longstanding authority in the commercial real estate industry, announced that it will cease publication in 2025 after an impressive 166 years of operation. This marks the end of an era for the influential publication, which has provided in-depth analysis, news, and insights into the commercial property market for well over a century....

Blockchain technology is rapidly emerging as a transformative force in the real estate sector, offering significant improvements in transparency, security, and efficiency. By using encrypted digital records and eliminating intermediaries, blockchain has the potential to streamline real estate transactions, reduce fraud, and make processes more transparent. As a result, it is poised to revolutionize the...

The Dubai Land Department (DLD) has launched the Smart Rental Index, a new system designed to leverage real-time data and advanced technology to assist landlords, investors, and tenants in making more informed decisions. This initiative aims to enhance transparency in Dubai’s real estate sector and is aligned with the Dubai Real Estate Strategy 2033, which...

In an effort to enhance housing affordability and support equitable access to homeownership, the Federal Housing Finance Agency (FHFA) has finalized a new rule establishing affordable housing goals for the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, for the period from 2025 through 2027. These goals aim to promote access to affordable housing for...