This will start to change the property industry in similar ways to how fintech has disrupted finance , according to JLL . The head of the property development , sales , lettings and management company 's Value Unlimited subsidiary , Michael Davis , foresees disruption in both residential and commercial transactions . Innovation in the residential sector 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 access and technical expertise will still be valued by consumers .
Proptech will start to change the property industry in similar ways to how fintech has disrupted finance, according to JLL. The head of the property investment, sales, lettings and management company's London Unlimited subsidiary, Michael Davis, foresees disruption in both residential and commercial transactions. 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.