The role of technology in the Real Estate industry in Kenya
The Real Estate Industry in Kenya
Real estate industry is slowly being redefined by evolving market conditions and consumer habits. “Real estate agents will not be replaced by technology but by agents who use technology “by Ceo Deloite.
The Kenyan real estate industry continues to grow with https://www.buyrentkenya.com/high demand for land and housing. The shift towards real estate technology cannot be ignored anymore as the industry evolves, individual companies will adjust to remain relevant to the emerging technological needs of consumers in such areas as renewable energy, smart homes, and environmental protection.
Real estate industry Artificial Intelligence can enable machines to understand consumers’ behaviours and business activities hence can be used by the real estate industry to effectively control expenses, manage risks and gain higher returns using algorithms that are designed to predict and factor in individual company operations.
The Internet Enable Devices
Internet connection is a key component of home automation and smart homes in the real estate industry. The Internet enables consumers to control and operate devices in their comfort. The investors can install friendly systems that operate in harmony with devices in common areas such as power consumption, cleaning, and entertainment.
Big Data collection
The real estate industry are able to collect a lot of data with technology that can assist them in understating their business activities, consumer behaviours, and needs. The collected data can be used to guide companies on the best model for customer experience, target market, and the right product for the market.
The real estate industry in Kenya is faced with increased demand for low-cost housing that is environmentally sound and built with modern technology.
The real estate industry, hoteliers, and other businesses are using virtual reality to enable prospective buyers to walk through and experience their products virtually without having to call or plan site visits.
Real Estate industry can automate their customer relations, returns and facilities management. The companies are able to address challenges such as cost efficiency and communication between different stakeholders.
Sales & Marketing Automation
Real estate industry consumers are impatient and expect quick and instant delivery of the service that they need. The industry can adopt technology can link its services and products with 3rd parties that support their consumers .