The Future of Real Estate in Sri Lanka | 3 Trends of 2020

Real estate, amongst a number of different industries, is affected by a recession like a drought as a result of COVID-19 pandemic. So, there will probably be some main shifts in the real estate business that the customers and brokers should be ready for.
Statistics of Future Real Estate Market
• The international market of the real estate will develop by greater than 55% from $29 Trillion in 2012 to $45.3 Trillion in 2020.
• By 2050, the city inhabitants will improve by 75% from now and reach 6.3 billion.
• By 2025, there will probably be 14 new Megacities with potential future real property markets, elevating the present tally from 23 to 37.
• The global development output is predicted to double from US$8.7 trillion in 2012 to US$15 trillion by 2025.

Top 3 Real Estate Trends of 2020
Real estate mobile apps and agent websites have gotten an increasing number of fashionable among property searchers and real estate agents. Technology is the right companion for real estate in 2020.

1. Smartphone Apps for Real Estate
Smartphones have been a lifesaver and successful promoter for enterprise throughout all verticals. So, the identical impression could be seen in the real estate industry. Mobile apps have modified how real estate companies work.
Sale your property, buy a house or Apartment anything can make it the smart app.

2. AR & VR in Real Estate
Through Virtual Reality and Augmented Reality, realtors, property brokers, and potential property buyers may give and get a personalised property visiting experience from anyplace on the earth.
All the house, Bungalows, Land, Villa and Apartment buyers are like to experience the property

3. Task Automation in Real Estate
Real estate companies have numerous work and duties. Doing all of the duties manually will take up numerous time and assets. Automation makes these paperwork and mundane duties simpler to complete and assist you to focus your abilities and time in promoting the real estate.