The sector which had earlier on achieved remarkable growth rapidly declined with the occurrence of the global financial crisis resulting in depreciating values of property. Going forward, success for firms will be less about just winning projects and chasing opportunities but more about how quickly they can adapt to new technological changes.
The market has seen a continuing price-correction and piling inventory. However, this correction in prices could also lead to a series of benefits for buyers. Modern home buyers want a rich and frictionless real estate experience at their fingertips. A cleverly marketed property can yield its owner a massive ROI.
With the ever changing regulatory requirements and always present financial risks, the real estate industry needs new technology platforms to address these challenge. With the right platform to manage risk & compliance, firms can cut hundreds of hours out of audit cycles and easily meet changing regulatory requirements.