Market Trends

Digital Transformation

Global Real Estate Sector Lags on Digital Transformation

A new report reveals resistance to change and lack of resources are holding back real estate firms on digital transformation. The study involved more than 175 innovation leads in big real estate organizations at locations worldwide, including British Land, JLL, Cushman & Wakefield, and Buro Happold. Authored by Swedish PropTech academic Olli Vigren, the report explains why the sector has fallen...

Vichinsky

Vichinsky Brothers Behind $8 Billion Luxury Real Estate Firm Bespoke Cut Commission Rate To 1%

In August 2021, Bespoke Real Estate in Water Mill, New York, secured the exclusive rights to sell a dazzling contemporary oceanfront home with an inverted triangle roof in Wainscott, a hamlet of tony East Hampton. Bespoke, which was founded in 2014 by brothers Cody and Zach Vichinsky, had been using its extensive research and vast database to identify and pitch other owners of multimillion-dollar homes in...

A GUIDE TO ACQUIRING LAND/PROPERTY IN GHANA

Land/real estate is a significant asset class of a portfolio investment for individuals and businesses alike in every jurisdiction. With Africa identified as the “last” frontier for global growth, acquiring and or investing in land/real estate in a country such as Ghana, one of the fastest growing economies and a development leader on the continent, in the view of many experts, is considered to be...

Planning is more important than prediction for Africa’s property sector now

By Gerhard Zeelie  An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better investment of valuable time and effort to ponder the many lessons – some very hard to swallow...

Covid-19 is threatening hotel development growth in Africa

As an important industry in Africa, tourism has created both direct and indirect jobs - sustaining foreign currency earnings. According to the 12th annual survey by W Hospitality Group, African hotel development had returned to growth at the start of 2020, with more than 78,000 rooms in 408 hotels in the pipeline; however, with the rise of the Covid-19 outbreak, Africa's hotel industry has been hard...

Webinar: Covid-19 will not define the property market’s future

Broll hosted its inaugural webinar late last month themed Africa 2020: A new vision. The discussion focused on strategies and solutions that can be employed during the recovery phase of the Covid-19 crisis, and the emerging new business environment in Africa. A common thread in the conversation was that Covid-19 will not define the property market’s future, but rather will shape the direction and...

Planning is more important than prediction for Africa’s property sector now

An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it's probably a better investment of valuable time and effort to ponder the many lessons - some very hard to swallow - that the pandemic has...

Where Will AI Take the Real Estate Market in 10 Years?

Artificial intelligence is here and shows no signs of slowing down. According to PwC, business leaders said they believe AI is going to be fundamental in the future. Most people referred to AI as a “business advantage.” The same survey reports that 63% of people agree AI will help solve complex problems that plague modern societies, and 59% agree that AI will help people live more fulfilling lives....

IWG readies for large-scale rollout of its franchise offering in Africa.

Flexible workspace provider, IWG plc has announced plans for a large-scale rollout of its franchise offering for flexible workspaces in a further 14 countries in Africa. At the helm is Mo Nanabhay, who led the franchise start-up and successful launch of both the Pick n Pay and Sasol franchise concept in South Africa and Sub Saharan Africa. This, in an industry where the demand for flexible workspace is...

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