CEO comment: The three main issues currently facing the property industry
The property industry is constantly evolving, with objectives and pressure points ever changing. At the moment, I think there are three main issues that are currently key to how things will develop.
- I talked about the globalisation of the property industry and the impact this is having on the services we offer in my previous blog. But this really is a significant development. We are not just seeing portfolios develop across different countries and territories but also a growth in global service providers – many of which we support with our solutions.
- Sustainability is becoming ever more important. At a staff conference we held last year, we invited some industry experts to participate in a panel discussion. One of the speakers explained how PwC sought to attract graduate recruits by making its head office the greenest building in Europe. He also explained that real estate software is going to have to cope with these changing objectives by providing the data and reports to make the sustainability improvements they seek and comply with regulatory requirements in this area. We feel our software solutions are well equipped to do this.
- The future of work was another interesting topic covered at this conference. Over the last few years, the way we work has changed dramatically with a notable rise in the popularity of mobile devices having a particularly significant impact recently.
To keep in touch with the latest developments, I attended a two-day conference on this very topic at Pembroke College. While there is some debate about exactly how this will continue to evolve, there is little doubt that – as ever – technology will be absolutely key to workplace changes in the future. This is where we feel the innovative nature of our solutions and our constant quest for improvement – along with their ability to save businesses using them both time and money – will continue to be in demand across the industry.
Research we conducted at the back-end of 2013 in conjunction with Property Week seemed to support this viewpoint. Nearly three-quarters of occupiers and around four in five investors and managing agents either said they had already invested or planned to invest in new technology and software. These figures display a clear recognition within the industry of the clear value that property software can add.
How the right technology stack can help agencies meet the varying expectations of modern-day customers
With so many potential clients out there with varying demands, agents need software that is robust flexible and multifaceted, and should be asking themselves: can my current technology stack manage these varied expectations? View our infographic to find out exactly how the right technology can help meet growing customer expectations. Next step: Schedule your […]
Property management software is transforming the way investors are able to manage their private residential portfolios. In this SlideShare presentation we explore the key benefits and how the right technology can have a direct positive impact on the bottom line. Attracted by long-term cash flows, more and more investors are looking to develop their private […]