Three ways technology will transform the real estate business
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To most people, property or real estate means residential, or the housing market.
Property prices have gone up for many more years than they have gone down, so we can all be forgiven for thinking that real estate investment is not too difficult.
However, investing serious sums of money in real estate - which is what our pension providers have to do - is extremely challenging. Investment means putting money at risk in the expectation of earning an income and, hopefully, a capital gain. While such professional investment activity on behalf of our pension plans increasingly will include large-scale rental housing developments, the vast majority of this money is invested in office towers, shopping centres and industrial parks. And to suggest that these sectors are challenging would be something of an understatement.
