Real estate is always an evolving industry. The only thing that’s constant is the continuous change of various real estate trends this upcoming year. With the high demand for property matched with the fast pace evolution of technology, we all wonder how these factors will affect the industry. We came up with the most notable and must watch trends in 2018 that every real estate aficionado should look out for.
The smaller the better
The needs of the Filipino home buyer is changing. Before, Filipinos are known for choosing huge house and lot over less spacious condominiums. But because of the abundance of condominiums in Metro Manila plus the luxury and well made amenities that developers are offering, Filipinos are now investing on smaller yet more efficient properties.
More of co-living
Co-living will become more popular in 2018. Community driven properties with communal amenities will be on demand as it is considered more affordable and efficient to many property seekers. Co-working spaces will also continue to shine this coming year.
The invasion of chat bots
Fast reply to customers can create good leads for any real estate marketer. Because it’s almost impossible to stay up 24/7 to answer pressing inquiries from buyers (unless you hire someone to do it) then acquiring chat bots is the best way to go. This can appease the customer’s need for quality service and get leads right away.
Smart home becomes smarter
Smart homes have arrived and it will be taking the spotlight in real estate. Home buyers are now searching for homes that are more secured and sustainable – and smart homes guarantee those. Developers are now thinking of ways in which they can integrate popular gadgets and technology into the everyday lives of people.
Fractional investing
People are now intrigued by the idea of passive investment opportunities that can help them gain extra money. Through fractional ownership, condominium investment, and crowd funding, investors now have a wide variety of investment to choose from in the local real estate.
