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How Digitalisation Is Booming Real Estate Market In 2023
9. Crowdfunding as a new way to raise money for real estate projects
In the real estate sector, crowdfunding is set to explode in fame as businesses look for new ways to raise capital. They will be able to collect money thanks to the real estate digitalisation trend, and they will also be able to draw customers by offering them the chance to reserve their preferred houses in advance.
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10. Blockchain in real estate to secure transactions and enhance transparency.
By drastically reducing the potential of frauds and disputes, which can be one of the most difficult challenges for businesses in this market, blockchain technology has the ability to bring about a “paradigm shift” in how real estate digitalisation transactions are.
Because it may make transactions more transparent and safe while providing quick clearance/approval processes for all involved parties, this real estate digitalisation trend has the potential to disrupt many parts of the industry, including property registration, title deeds, and home rentals.
According to study by Accenture, implementing a blockchain may cut the costs of real estate digitalisation transactions by more than 50%, which would result in a significant wave of beneficial disruption in the industry.
