The technological revolution and the future of residential property

Paul Bagust

Global Property Standards Director (RICS)

The way business is conducted is changing. Many of the roles that will exist in 2030 will combine skills in ways not imagined today. It’s been clear from employers of all types – big and small, public and private – that a stronger emphasis on technology is going to be needed as an enabler of business performance.

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New technology

Unprecedented urbanisation, changing demographics and the rise of new economic powers are among the trends reshaping the world in which we live and work. New business models, new work dynamics, greater connectivity and technological advances are among the drivers for new skills needs and for new ways of working.

It is clear we are undergoing a technological revolution and the pace of change is accelerating. This change is driving demand for key data analytics and related skills for existing professionals. How our industry reacts will be crucial to how the sector develops in the coming years.

Discussion on the role and impact of technology generates a mix of apprehension and excitement regarding new skills and different ways of doing business.

Insight paper

This paper seeks to explain what PropTech means for the residential sector, providing insights from other industries and making recommendations for residential firms as to how technology solutions may be applied in business.

It is intended to provide insight and stimulate debate amongst professionals working in the built environment.

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