ARTICLES LABELLED WITH TAG AI

Latest technological innovations may cut time and cost significantly in preparing real estate projects. Property Forum asked Béla Markovich, CEO of construction giant Mapei’s Hungarian subsidiary about the ways the company uses VR and AI to reach higher efficiency and about R+D activity to produce eco-friendly construction materials.

According to Antony Slumbers, one of the keynote speakers of Budapest PropTech Forum 2019, the impact of artificial intelligence (AI) is probably larger than that of electricity or the steam engine. In the world of real estate, AI can make the design, construction, management, lease and sale of buildings much more efficient.

Advances in AI applications are already causing revolutionary changes in the commercial real estate field, and we’ll continue to see a shift in the way real estate professionals do business in the years to come. With PropTech start-ups increasingly offering technologically innovative products and business strategies for the real estate market, Instant Offices looked at some of the top predicted AI trends that PropTech companies will be bringing into the real estate market in the next two years.

A new report by Colliers International and international law firm CMS has found that one-third of professionals in Central and Eastern Europe (CEE) believe their workplace will change over the next 2-3 years. The firms’ second annual report, ‘CEE Office Real Estate Compass: Is your workplace Millennial-ready’, looks at the changing nature of the workplace in CEE and includes a survey of 72 CEE-based professionals drawn from the spectrum of geography and seniority.