Outlook for the real estate industry in 2018: The rise of technology and its important role

[](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgavNQrV1nF0SlUeoy9SH0hyp henhyphenr2H7UvDrFjuABi3yeo4sa3xXaqTi7763_0Pt8RSy3OMElqdGDSf56x1_CRSPFAEFUpEta2OR_0qkKYN YghvLytXB6Bn2dNIJ2hbhY7OzNKK_yvLyxF54dDD/s1600/2018%25E5%25B9%25B4%25E6%2588%25BF%25E5%2 59C%25B0%25E7%2594%25A2%25E8%25A1%258C%25E6%25A5%25AD%25E5%25B1%2595%25E6%259C%259B.jpg)

Time flies so fast, and 2017 has already entered history in the blink of an eye. As we welcome the new year, what changes will happen to the real estate industry that everyone is concerned about? Now, let us quickly master it together!

Although real estate technology is still a fairly traditional industry, and many transactions still rely on the mediation of professionals, with the trend of social media and the popularity of mobile devices, the real estate industry is about to usher in a new era. For example, blockchain and artificial intelligence technology, which we mentioned in previous columns, will surely play a more important role in the real estate transaction market in 2018.

Blockchain and artificial intelligence technology will play a more important role in the real estate transaction market in 2018.

In view of the fact that during the real estate transaction process, buyers and sellers are likely to need to negotiate multiple times with builders, real estate agents, and even government tax authorities. If the decentralized transaction system of the blockchain can be made good use of, it will not only save considerable labor costs, but also reduce purchase and sale disputes.

Countries including Sweden, Dubai and Japan have actively invested in the application of blockchain technology, and our country has also made some progress. For example, in January 2017, the US-based China Economic Cooperation Ventures invested in a new startup team in Taiwan called BITMARK. This company is actively investing in the blockchain commercial market and is expected to have a positive impact on Taiwan’s real estate transaction market.

In addition, there are also good developments in the academic world. For example, students Cai Zhengda and Li Jianyi, supervised by Professor Huang Wenzhen and Professor Li Jiahong from the Information Management Institute of the National Kaohsiung University of Science and Technology, together with two students from Chianan University of Pharmacy, have just recently won the gold medal in the “Municipal Creative Proposal Group” of the 2017 Kaohsiung Youth Creative Municipal Proposal Competition with “blockchain technology added to the value-added application of real estate transactions”. One can’t help but look forward to the future application potential of blockchain-related technologies in the real estate industry.

Making good use of the decentralized trading system of blockchain can not only save considerable labor costs, but also reduce transaction disputes.

In addition to the application of blockchain technology, artificial intelligence chatbots (Chatbots) are also a trend that cannot be ignored. For example, Tuituifang has also launched the “Tuibao AI” chatbot, which uses data collection and exploration to provide users with real estate content that matches the area. Consumers only need to share their location to inquire about nearly 5,000 new and pre-sold homes via conversation, which is quite convenient.

Coincidentally, Taiwan Housing, a well-known real estate company, has also launched a “Taiwan Housing AI Real Estate Robot”, which claims to have gathered the professional knowledge of 10,000 real estate agents and 34 years of real estate core data, and can deeply understand consumer needs through a natural dialogue process.

Artificial intelligence chatbots (Chatbots) are also a development trend that cannot be ignored after 2018.

In addition to the applications of blockchain and chatbots, many companies have recently invested in research and development and established some emerging real estate portals. Taken together, these new websites all hope to use the power of technology to solve several problems and bottlenecks in housing transactions.

For example, the Vision Fund (Vision Fund), a subsidiary of Japan’s SoftBank Group, has recently been optimistic about the development of real estate technology and has just invested in a new startup called Compass in New York, USA. Compass has received a total of US$775 million in financing. In the future, they will make full use of their expertise in information collection and big data interpretation to provide necessary technical services to agents and home buyers, which is expected to help improve the efficiency of real estate transactions.

Recently, many companies have invested in research and development, hoping to use the power of technology to solve several problems and bottlenecks in housing transactions.

Overall, with the emergence of real estate technology, many high-tech companies have begun to enter the real estate industry. With the arrival of 2018, it is foreseeable that more emerging innovative forces will emerge, and through the power of technology and business, they will begin to subvert traditional land and housing transactions across fields. In addition to the currently known Internet of Things, artificial intelligence, big data and blockchain, what sparks will be sparked is also exciting.

★ Photo Credit: Vlad Busuioc

★ Article source: This article was originally published on the website “[Tui Tui House] (https://www.tui2house.com/20180102-001/)”

[

• When the real estate industry meets blockchain: improving transaction security and efficiency
• What is real estate technology?

---