The real estate sector is leveraging IoT and AI to cater to the niche segment of smart homes given the appreciation and better resale value of such properties.
Being able to own a plot or home is one of life’s greatest joys as it is not just an aspiration of many, but also a sign of overall personal and social growth. It is not just residential property though, that garners interest these days. Whether it is commercial or hospitality-based, the realm of real estate is full of endless possibilities.
The real estate market is perhaps, one of the fastest growing in the world owing to constant demand for better residential, commercial, as well as hospitality spaces. As the world continues to grow and change with times, so do their requirements in terms of housing, businesses, and more. They seek the best for themselves, and the ability to show it through the place where they work, reside, or just enjoy.
Real estate is indeed headed towards an all-inclusive technological upgradation in the form of home automation via Internet of Things (IoT), Artificial Intelligence (AI), and other such innovation judging by latest developments in this field.
The real estate market in Kenya has incurred significant investment opportunities since the past decade, driven by high growth due to rising demand for residential as well as office spaces.
In Kenya, the real estate segment has witnessed its share of ups and downs, but its growth has always been visible. What was once considered a market reserved for the elite is now witnessing disruption not just from urban masses, but those from humble backgrounds as well owing to easier access to loans, improvement in standard of living, and increase in disposable income.
