Experts Reveal Hidden 2024 Property Growth Predictions Secrets
Technological Advancements and Smart Cities
The integration of technology into real estate is another transformative factor. The rise of smart cities, which leverage technology to enhance urban living, is expected to significantly impact property values. Properties in smart cities often command higher prices due to their enhanced efficiency, sustainability, and quality of life. According to a report by McKinsey, smart city initiatives can improve urban living by reducing energy consumption and improving transportation systems3.
Investors looking to capitalize on this trend should consider properties in regions that are actively developing smart city infrastructure. These areas are likely to experience increased demand and appreciation in property values.