FUTURE OF LIVING: TRENDS IN THE REAL ESTATE INDUSTRY

Home office as a permanent state

Originally conceived as a temporary solution during the pandemic, remote work has firmly established itself. Companies are responding by reducing office space and introducing hybrid working models. Hybrid office concepts and shared workspaces are becoming increasingly popular. At the same time, the demand for larger and more flexibly usable living spaces is rising. The importance of working from home will continue to increase in the future.

Flexibility in the use of spaces

The demand for flexible usable spaces in residential and work areas is increasing to respond to changing requirements, whether for family growth, new work models, or additional storage. This flexibility offers advantages for both individuals and companies that need to quickly adapt to changing needs. Although this trend is slowly taking hold on the provider side, it opens up opportunities for innovative construction companies and real estate developers to differentiate themselves from the competition.

Breakthrough of Smart Homes

Smart homes are gaining importance as integrated computer systems make living more pleasant and efficient by automating various functions such as food monitoring, heating control, and security. The variety of offerings allows for customized integration, ideally considered during the planning of a property. Nevertheless, retrofitting existing properties with smart home technologies is also a popular trend to reap the benefits.

Energy efficiency as a central trend

Energy efficiency has become a key trend in the real estate industry due to unstable energy prices. This involves the drastic reduction of energy consumption through modern insulation materials and the use of renewable energies. Heating systems are particularly in focus, as many apartments are still heated with fossil fuels. Additionally, efficient planning already plays a crucial role in the design process to minimize energy demand. In light of the current energy crisis and the rising demand for efficiency, increased activity from regulatory authorities, construction companies, and real estate buyers is expected in the coming years to reduce energy consumption and transform the industry.

Growing demand for self-storage

Due to rising housing costs and limited space in urban areas, city dwellers are seeking alternative solutions to create space. Self-storage facilities offer a way to store personal belongings temporarily or long-term without having to dispose of them. This trend is particularly evident in cities, where the demand for self-storage with micro-storage spaces is increasing and is expected to gain further importance.

Building Information Modeling (BIM)

Building Information Modeling (BIM) refers to a work method for the integrated planning, construction, and management of buildings and other structures using software. These programs assist in creating three-dimensional models, generating reports, planning maintenance work, and avoiding deficiencies. BIM is increasingly gaining importance in the real estate industry, as it helps optimize work processes, identify problems early, and enhance productivity. In the future, BIM will undoubtedly be one of the leading trends in the real estate sector.

Virtual tours as standard

The pandemic has significantly affected traditional viewing options for real estate, highlighting the potential for alternative solutions such as virtual tours. Although the technology behind it has already existed, it has only gained importance in recent years as hardware and software have improved and become more affordable. Virtual tours offer numerous advantages for both sellers and landlords as well as potential buyers and tenants, such as saving travel time and facilitating scheduling. However, the use of virtual realities extends beyond the real estate industry to other sectors such as furniture stores, which enable their customers to virtually tour and even furnish apartments. Although virtual tours of residential properties still make up a small portion, this trend is expected to continue to grow in the coming years. AKKADIA also offers virtual tours for all properties.

Urban gardening for self-sufficiency

In response to energy and resource scarcity as well as dependence on global supply chains in food supply, urban gardening is gaining significance as a trend in the real estate sector. This development is reflected in the increasing efforts of many people to partially meet their food needs through their own cultivation. Particularly in urban areas, this requires creative solutions like rooftop gardens to strengthen local supply and reduce the carbon footprint. Urban agriculture offers various advantages over conventional field farming, including local food production, which saves transport energy and CO2 emissions, as well as a lower risk of spoilage due to shorter transport distances. Local production could be beneficial in the future as climate change and resource scarcity may affect food production and distribution. Furthermore, it allows for easier verification of social standards and requires less fertilizer and water, thereby minimizing soil leaching.

Although urban gardening is currently still in a niche existence, it is expected that this trend will continue to gain popularity in the coming years in light of ongoing energy and raw material shortages, as well as increasing uncertainties in global supply chains.

Artificial Intelligence in the Real Estate Industry

In the coming years, the significance of Artificial Intelligence (AI) in the real estate industry is expected to continue to grow. AI increases efficiency by implementing automated processes and handling routine tasks automatically. The use of AI allows real estate companies to save time and resources and to work faster and more effectively by collecting and analyzing data, valuing properties, and conducting market analyses. Furthermore, AI is expected to be increasingly used for creating personalized, digital customer services, for instance, to quickly and efficiently respond to inquiries through intelligent chatbots. Companies that effectively employ this technology gain a competitive advantage over their rivals. The use of AI systems enhances the efficiency of companies and improves customer satisfaction through personalized services.

The trends clearly indicate a stronger focus on sustainability, efficiency, and flexibility in the real estate sector, driven by technological innovations and societal changes.

As a leading real estate agency, AKKADIA places great importance on always being in tune with the times. That’s why we focus on innovative trends such as virtual viewings and artificial intelligence to continuously improve our service. With modern approaches, we aim to make the real estate market more efficient and accessible. Rely on our experience and benefit from contemporary solutions for your real estate concerns.

Source: Planradar