PropTech and Real Estate Innovations: A Guide to Digital Technologies and Solutions in the Built Environment

Cover
Half Title
Title Page
Copyright Page
Table of Contents
About the Authors
Preface
Foreword
Foreword
Acknowledgements
Glossary of Terms
Section One: Introduction
	Learning Outcomes (LO)
	1 Background & Introduction to PropTech and Innovation in Real Estate
		1.1 PropTech: What Is It?
		1.2 PropTech: Scope, Definitions, and Associated Issues
		1.3 PropTech Environmental, Social, Economic, and Physical (ESEP) Efficiency Framework
			1.3.1 The First \"E\" Dimension in the ESEP Efficiency Framework – Environmental
			1.3.2 The \"S\" Dimension in the ESEP Efficiency Framework – Social
			1.3.3 The Second \"E\" Dimension in the ESEP Efficiency Framework – Economic
			1.3.4 The \"P\" Dimension in the ESEP Efficiency Framework – Physical
		1.4 Chapter Summary
		References
	2 Digital Technological Tools and Real Estate Applications
		2.1 Data and Analytics
			2.1.1 Data Generation
			2.1.2 Data Storage
			2.1.3 Data Aggregation
			2.1.4 Data Analysis
		2.2 Computing, Internet, Mobile, and Cloud Technology
			2.2.1 Computing
			2.2.2 Internet
			2.2.3 Mobile Technology
			2.2.4 Cloud Computing
		2.3 Internet of Things (IoT)
		2.4 Artificial Intelligence and Machine Learning
		2.5 Blockchain
		2.5 Virtual Reality (VR) and Augmented Reality (AR)
		2.6 Chapter Summary
		References
	3 Real Estate Digital Transformation and PropTech Investment and Finance
		3.1 Real Estate Transformation and the PropTech Evolution
			3.1.1 PropTech First Generation (1970s–1999)
			3.1.2 PropTech Second Generation (2000–2022)
			3.1.3 The Impact of Covid-19 and Real Estate Innovation and PropTech
		3.2 PropTech Investment and Financial Capital
			3.2.1 PropTech Companies and Start-ups
			3.2.2 PropTech Funding and Investment Capital
		3.3 Chapter Summary
		References
Section Two: PropTech and Property Innovations Across the Real Estate Value Chain
	Learning Outcomes (LO)
	4 Digital Technology and Innovation in Planning, Land Management, and Urban Management
		4.1 Overview of Planning, Land Management, and Urban Management
		4.2 Inefficiencies in Planning, Land Administration, and Urban Management
		4.3 Innovative/Emergent Systems and Services in Planning, Land Administration, and Urban Management
			4.3.1 Intelligent Planning Systems
			4.3.2 Digitised Land Administration
			4.3.3 Smart Cities
		4.4 Case Study Analysis
			4.4.1 Case Study 1: Esri
			4.4.2 Case Study 2: LandTech
			4.4.3 Case Study 3: Pupil
			4.4.4 Cast Study 4: VU.CITY
			4.4.5 Other Cases (Exercises for Students)
		4.5 Chapter Summary
		References
	5 Digital Technology and Innovation in Real Estate Development, Construction, Management, and Maintenance
		5.1 Overview of Development, Management, and Maintenance of Real Estate
			5.1.1 Building Construction
			5.1.2 Building Maintenance
			5.1.3 Building and Facilities Management
			5.1.4 Demolition
		5.2 Inefficiencies in Traditional Real Estate Construction, Management, and Maintenance
			5.2.1 Sourcing and Transportation of Building Materials
			5.2.2 Building Construction Processes and Activities
			5.2.3 Building Maintenance and Facilities Management
		5.3 Innovation/Emergent Systems and Services in Real Estate Construction, Building Maintenance, and Facilities Management
			5.3.1 ConTech and Digital Construction
			5.3.2 Building Information Modelling (BIM)
			5.3.3 Digital Twins
			5.3.4 Smart Buildings
			5.3.5 Digital Property Management and Facilities Management
		5.4 Case Study Analysis
			5.4.1 Case Study 1: Alice Technologies
			5.4.2 Case Study 2: Converge
			5.4.3 Case Study 3: Built Robotics Exosystem
			5.4.4 Case Study 4: CarbiCrete
		5.5 Chapter Summary
		References
	6 Digital Technology and Innovation in Real Estate Funding, Finance, and Investment
		6.1 Overview of Real Estate Funding, Finance, and Investment
			6.1.1 Real Estate Funding and Finance
			6.1.2 Real Estate Investment, Portfolio, and Asset Management
		6.2 Inefficiencies in Traditional Real Estate Funding, Finance, and Investment
			6.2.1 Real Estate Funding and Finance
			6.2.2 Real Estate Investment, Portfolio, and Asset Management
		6.3 Innovative/Emergent Systems and Services in Real Estate Funding, Finance, and Investment
			6.3.1 FinTech in Real Estate
			6.3.2 Crowdfunding, P2P, and Digital Marketplaces
			6.3.3 Tokenisation and Blockchain in Real Estate
			6.3.4 Automated Investment Management Systems in Real Estate
			6.3.5 Virtual Capital (VC)
		6.4 Case Study Analysis
			6.4.1 Case Study 1: Cherre
			6.4.2 Case Study 2: CoStar
			6.4.3 Case Study 3: EVORA
			6.4.4 Case Study 4: Fifth Wall
			6.4.5 Case Study 5: MSCI
			6.4.6 Other Cases (Exercises for Students)
		6.5 Chapter Summary
		References
	7 Digital Technology and Innovation in Real Estate Valuation and Appraisal
		7.1 Overview of Real Estate Valuation and Appraisal
			7.1.1 Real Estate Valuation and Appraisal
		7.2 Inefficiencies in Traditional Real Estate Investment, Finance, Appraisal, and Valuation
			7.2.1 Data Access, Market Transparency, and Time Sensitivity
			7.2.2 Asset Heterogeneity and Information Asymmetry
			7.2.3 Subjectivity and Biases
			7.2.4 Contextual Variation
			7.2.5 Expertise and Experience
			7.2.6 Rigid Processes and Systems
			7.2.7 Scale
		7.3 Innovative/Emergent Systems and Services in Real Estate Valuation and Appraisal
			7.3.1 Automated Valuation Models (AVMs)
			7.3.2 Automated Valuation Processes (AVPs)
		7.4 Case Study Analysis
			7.4.1 Case Study 1: Altus Group (ARGUS Enterprise)
			7.4.2 Case Study 2: ATTOM (ATTOM AVM)
			7.4.3 Case Study 3: CoreLogic
			7.4.5 Other Cases (Exercises for Students)
		7.5 Chapter Summary
		References
	8 Digital Technology and Innovation in Real Estate Brokerage, Agency, Marketing, and Other Allied Services
		8.1 Overview of Real Estate Agency, Brokerage, and Marketing
			8.1.1 Real Estate Agency and Brokerage
			8.1.2 Real Estate Marketing
		8.2 Inefficiencies in Traditional Approaches to Real Estate Agency, Brokerage, and Allied Services
			8.2.2 Inefficiencies in Real Estate Agency and Brokerage
			8.3.2 Inefficiencies in Real Estate Marketing
		8.3 Innovative/Emergent Systems and Services in Real Estate Agency, Brokerage, Marketing, and Other Allied Services
			8.3.1 Online Property Listing and Marketing
			8.3.2 Virtual Viewing
			8.3.3 Shared Economy
			8.3.4 Digital Customer Relationship Management (CRM)
		8.4 Case Study Analysis
			8.4.1 Case Study 1: Convene (Shared Economy)
			8.4.2 Case Study 2: HqO
			8.4.3 Case Study 3: student.com
			8.4.4 Case Study 3: VTS
			8.4.5 Case Study 5: Yardi
			8.4.5 Other Cases (Exercises for Students)
		8.5 Chapter Summary
		References
Section Three: Prospects and the Future
	Learning Outcomes (LO)
	9 Core Stakeholders, Enablers, and Systems of Growth and Development in Real Estate Digital Technology and Innovation
		9.1 PropTech Education Development
			9.1.1 The Concept of Education, Teaching, and Learning Support
			9.1.2 Curriculum Development in Higher Education
			9.1.3 Pedagogical Paradigms
			9.1.4 The Integration of PropTech in Real Estate Education
			9.1.5 Reviewing PropTech Education Integration
			9.1.6 Limitations and Challenges in PropTech Education Integration
			9.1.7 Further Recommendations for PropTech Education Development
		9.2 PropTech Skills and Employability
			9.2.1 Skills and Employability
			9.2.2 Job Satisfaction and Remuneration
		9.3 Professional Bodies, Institutions, and Associations
			9.3.1 The Royal Institution of Chartered Surveyors (RICS): Innovation and Digitisation in the Built Environment
			9.3.2 PropTech Country and Regional Associations
		9.4 Standards, Regulations, and Ethics
		9.5 Public Sector Participation
			9.5.1 Goals and Strategies
			9.5.2 Programmes
			9.5.3 Next Steps
		9.6 Chapter Summary
		References
	10 Summary and Conclusion: The Future Real Estate Digital Technology and Innovation
		10.1 PropTech: The Past and Present
			10.1.1 Digitisation and Innovation Across the Real Estate Value Chain
		10.2 What\'s Next?
			10.2.1 Artificial Intelligence (AI)
			10.2.2 Blockchain Technology
			10.2.3 Virtual Real Estate and the Metaverse
			10.2.4 Other Opportunities and Challenges
		10.3 Buzzwords
		10.4 Conclusion
		References
Index