Real Estate & Construction News Round-Up – December 2021 #3 | Pillsbury – Gravel2Gavel Construction & Real Estate Law

Proptech and digital real estate will grow in 2022, millennials continue to drive the housing market, real estate agents and brokers can use gaming technology to showcase real estate and much more.

• The trends and challenges for Proptech in 2022 were discussed at the MIPIM Propel conference last week in New York, attended by hundreds of real estate professionals, technology managers and venture capitalists. (Philip Russo, Commercial Observer)
• A more efficient and scalable future for the interface of blockchain and property is being built, and as a result, predictions for a metaverse real estate boom in 2022 are waning. (Irina Karagyaur, CoinDesk)
• With millennials fueling the housing market and filing more than half of all home loan applications last year, economists predict that home buying demand is likely to remain strong for years to come. (Nicole Friedman, Wall Street Journal)
• As game developers create more realistic and immersive gaming experiences through virtual reality (VR), augmented reality (AR) and artificial intelligence (AI), real estate agents and brokers can use this technology to enable real estate presentations without being physically on site. (IGC)
• As a result of the real estate crisis in China, tens of millions of square meters of residential buildings remain unfinished, which is dwindling confidence in the country’s housing market. (Bloomberg)

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