Proptech will start to change the property industry in similar ways to how fintech has disrupted finance, according to JLL. Employees who are able to set the optimum level of lighting and temperature when they book a meeting room. The firm said that it expects a number of new entrants into the market over the next few years, including blockchain and cryptocurrency startups. Innovation in the residential market will probably happen more quickly and be more widespread because consumers in general are more likely than companies to demand innovation. However, the role of commercial agents will evolve from broker to adviser as, although transactions will become easier, market knowledge and technical expertise will still be valued by clients.
Proptech will start to change the property industry in similar ways to how fintech has disrupted finance, according to JLL. The firm said that it expects a number of new entrants into the market over the next few years, including blockchain and cryptocurrency startups. Innovation in the residential market will probably happen more quickly and be more widespread because consumers in general are more likely than companies to demand innovation. However, the role of commercial agents will evolve from broker to adviser as, although transactions will become easier, market knowledge and technical expertise will still be valued by clients.