In the next 10 years, Artificial Intelligence (AI) could add up to $15.7 trillion to the global economy – and change the face of the real estate sector.
Technology adviser Paul Armstrong writes on Forbes, “Real Estate is one industry that has a big AI opportunity due to its late mover position. The early pitfalls have been identified and now fast progress can be made with a sensible strategy.”
Susanne Eickermann-Riepe, Head of Real Estate, PwC Germany says AI is moving forward in four main areas. Automated intelligence, supporting intelligence, expanding intelligence and autonomous intelligence make up the list.
While Jasjeet Thind, Vice President, AI and Analytics at Zillow, believes that by leveraging AI the industry can create a more personalized, end-to-end experience for customers, eliminate many of the pain points associated with buying and selling a home, and help customers close faster.
Consorto is using AI-driven property deal matching
Philip Verzun Chief Executive of Consorto, the Marketplace for European Commercial Real Estate, says Artificial Intelligence brings many benefits for commercial real estate sellers and investors. “The European commercial real estate sector really needs proptech innovations to make our sales processes easier, quicker and more user-friendly.
“Consorto platform is using AI-driven property deal matching between global investors and sellers and property brokers around the world.
“Easy-to-follow automated steps will help brokers, agents and owners who are registered with Consorto to list properties and guide CRE investors through the documentation and sales process to improve speed, accuracy and efficiency.
“In fact, a straightforward deal that could take two weeks to process manually can now be completed through Consorto’s deal flow process in one or two days.”
Register for free with Consorto and start to experience the difference AI makes in CRE property searches and sales.