RICS to address proptech risks and opportunities

The Royal Institution of Chartered Surveyors (RICS) has committed to work on a number of initiatives to allow it to identify the risks and opportunities that proptech presents.

The institution has produced an interactive brochure which highlights its proptech activity around the world over the past year.

rics proptech
Click the picture to view RICS’s online brochure 

RICS has been looking at the risks and opportunities within proptech, ranging from adapting to the skills a surveyor will need in the future to thought leadership across the market, from influencing policy to increasing engagement with technology companies.

Dan Hughes, director of data and information product management at RICS, said it had been well documented that technology was changing the nature of real estate.

“With this in mind, we're working with the profession to identify and address the risks and opportunities that technology presents. 

“Stay updated with this work and get involved in the direction we take.

“As the adoption of technology within the industry increases, it's becoming an essential part of the workflow of almost any real estate professional. 

“‘Property’ and ‘technology’ are becoming increasingly difficult to separate.”

RICS wants to hear the industry’s thoughts on its proptech activity and its suggestions for what it should be doing in the future to address the challenges and opportunities that proptech brings.

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