Real innovation in real estate

For years, the real estate and construction sectors have been slowly ramping up their efforts to innovate.

Innovating the solution

With the pressure to innovate mounting on all sides, real estate players across the value chain are now putting significant investment into catalyzing innovations in their business and across their ecosystems. In particular, we are seeing four areas capture significant attention — from real estate players and from technology companies and venture capitalists (VCs).
Safety and hygiene User expectations for building sustainability, health and wellness are creating massive space for new technologies and applications. Wearables and monitoring devices are helping ensure safety and social distancing at job sites and in offices. In some cases, UV-light robots are being introduced to deliver consistent cleaning cycles. Data and analytics are playing an important role — in the optimization of cleaning services, for example, or the identification of potential safety concerns.

Is proptech ready?

Demand for new innovations, solutions and technologies is rising. The good news is that the supply of new and established proptech options is also growing. In KPMG’s recent Real Estate Innovations Overview report (our 6th annual edition), we looked at 42 different countries and territories around the world to find innovations that are aimed at the real estate and construction sector. In the report, we identify 742 companies across 40 different fields of expertise.

Time to deliver

The real estate sector had limited disruption and innovation over the past 20 years. But all that is about to change. And it is expected to change quickly. The pressure to innovate is coming from all parts of the value chain: users demand it; regulators are expecting it; investors are rewarding it; operators need it; and property managers and brokers depend on it. Are you doing enough to deliver it?