The future of artificial intelligence in real estate transactions

Despite unpredictable economic and political headwinds, the European real estate sector continues to flourish, albeit in some regions more than others. Competition for deals is fierce and speed is often of the essence: so much so that, according to research1 recently conducted by Drooms, over 50 per cent of real estate professionals in Europe are compromising on the quality of their due diligence in their rush to complete deals quickly. However, modern technology has a solution for those seeking to complete real estate transactions more efficiently. Our research also revealed that where time pressures on due diligence have led to a potential decrease in quality of the process, parties to a transaction have found a solution in technology enabled with artificial intelligence (AI), such as virtual data rooms. According to a Real Capital Analytics (RCA) report published in February 2018, Europe's commercial property investment market returned to growth in 2017, when it registered the third strongest annual expansion on record.2