Real Estate Latest Trends For 2018 The real estate market has been witnessing many twists and turns this year. The market can shift instantly just like any other real estate year. For this particular reason, real estate professionals need to keep their eyes open for the next up and coming trend to hit the market and cause a stir and the effects on the developers like the tapestry developers will be vital.
Here are some of the trends which the experts believe will come to prominence in the year 2018:
Social Community Management The importance of online presence and branding is a clear trend that has emerged in a recent time. Real-time management of the merchant's online
presence has become even more important than predicted and can impact their business if it is not diligently managed. The influence of Gen Z in how real estate is designed and marketed is enormous and this will only grow.
Profit Taking In Affluent Market One of the trends that are making headlines is profit-taking by investors and homeowners in several of the key markets. Seeking an elevated pricing floor, these listings have usually started 15-20% above market and slowly work themselves back. However, whether this profit taking is working to establish a new pricing floor for the overall market or not is yet to be confirmed.
Blockchain The blockchain technology is already changing the world, but this is the reality of the real estate industry. The way buyers, sellers and investors interact with each other and the properties they have interests in are changing as there is increase in usage of Blockchain based applications. The traders have to move along and change with the technology or else they will fall by the wayside.
Smart Home Technology According to one study, 41 percent of the millennials report having an interest in owing to smart home products. Recent smart home products are increasingly affordable over time and are relatively easy to install and connect that you can see in the tapestry showflat. Niche market for various products will also develop as more players enter the smart home and automation space. Increasing access to different varieties of affordable smart home products should be regularly noticed by the sellers so that they may attract the younger generations of buyers.
Softening Cap Rates
Properties which are fully stabilized, non-value-add properties have to soften cap rates as much as 25 basis points. The reason behind this is due to flatter rent projections, volatile interest rates, and, in Cook County, IL, rising property taxes.
Conclusion Investors who strive to get an in-depth understanding of the generational consumer segments, should take advantage of real estate market predictions and invest in safe civil company developers such as the tapestry condo and plan their business accordingly.
Contact Us Company Name : The Tapestry Condo Email
: gurdip@mediagenesis.com.sg
Address
: Tampines St 86, Singapore
Phone
: +65 9009 1172 or +65 9488 4904
Website
: https://tapestrycondo-sg.com/