Expo Real 2018: AI and the Future of CRE

Artificial intelligence has been a hot subject in real estate for a few years now and while some remain uncomfortable with the fast-growing trend, others are already saving time and money by using such technologies in their businesses. While AI has its challenges, the potential gains for the industry far outweigh them. In one of the opening panels of 2018's Expo Real, the yearly international real estate and investment conference taking place in München, Bastian Schulz, head of sales at Leverton; Sascha Donner, co-founder & head of product at startup Evana; Matthew Webster, CFO of Cloudscraper; and Nicolai Wendland, COO of 21st Real Estate, shared their vision on how AI could shape the industry. The highest goal for real estate professionals using AI seems to be the simplification of the acquisition process, at a larger scale. "There is no bigger vision than imagining the process of purchasing one property with one click, like we do with shares. We will be there soon, in a few years," Wendland said.