Through The Looking Glass: 2017 Tech!

what is proptech

Technology moves and develops at such a rapid rate. We thought that we’d slow the pace down for just a moment and take a glance at the most prevalent ‘tech trends’ to date this year …

VIRTUAL AND AUGMENTED REALITY

Virtual and Augmented Reality are becoming more widely available to consumers through hardware, games and apps. Also, a wide range of industries, businesses and brands are realising the capabilities of this technology. Virtual Reality (VR) has the power to enhance numerous life experiences, from shopping to travelling, learning to healthcare and well-being.
The healthcare industry is currently exploring these technologies to train medical students, provide therapy to patients, and contribute to the rehabilitation of stroke, spinal-cord injury and amputee patients. In addition, the property sector is embracing VR as a revolutionary tool for marketing property through virtual open houses and 3D experiences from the comfort of agent showrooms. The use of VR in property is already a $1bn industry globally, and Goldman Sachs estimate that is set to treble by 2020.

2017 is a great time to explore a whole new virtual world of entertainment, information and communication, as thousands of developers, games designers and film-makers explore the medium of VR and its creative potential.

SMART HOMES

The smart home has arrived …turn up the heat, dim the lights and cue the music, all with the touch of a button or a voice command. The internet is gradually making its way into everything from appliances to thermostats, and you’ll soon be able to control most things in your house from your phone.
Some of the smart home gadgets on the market can be a little complex and pointless. But a number of them blend into normal life, providing safety and security, accessibility, energy efficiency, environmental responsibility and a reduction in running costs.

Current smart home gadgets available include voice command systems, smoke detectors, lighting, thermostats, security systems, electricity switches, kitchen appliances (e.g. kettle) and hoovers! They are all designed to to fit in with daily routines and make your home work ‘smarter’. How did we ever live without them?

MOBILE PAYMENTS

Consumers are increasingly looking for tools that make moving and managing money more convenient and mobile seems to be the solution! The uptake of mobile payments is gradually increasing driven by consumers’ desire for an improved retail experience and their need to be cashless.

It is becoming increasingly apparent that mobile payments have the ability to transform the retail experience. Alongside the simplicity of payment, there are numerous benefits for shoppers: avoiding queues, centralising loyalty rewards, checking stock, ordering ahead, enjoying customised offers and easy price comparison. So, prepare to leave your wallet at home and remember your smartphone when shopping!

WEARABLES

As technology becomes smaller, smarter and integrated into everything, wearing it has become a social standard. Whether it’s smart watches, fitness trackers or smart clothing, the tech you can wear to keep tabs on your health and fitness levels is more popular than ever.
The new age of wearable technology is laden with smart sensors, and makes use of a web connection (e.g. Bluetooth) to connect wirelessly to the users smartphone. The sensors connect to ‘you’, to help track your fitness, activity, weight loss, sleeping patterns and even your daily organisation.

The rapid growth of digital devices promises far more powerful and cost-effective wearable technology in the months and years to come.

Where ‘tech’ is concerned, the future is full of unlimited possibilities!  Are you ready to embrace the changes ahead..?

Shared by Touch Right Software

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

First-time buyer reform could reshape conveyancing risk landscape

The Government’s consultation on replacing the Lifetime ISA with a new first-time buyer savings product by April 2028, and review of the £450,000 property price cap, could have significant legal and transactional implications for buyers and property professionals alike. According to Beswicks Legal, the reform is a live conveyancing risk issue already affecting transactions on…
Read More
Breaking News

Property Redress reports Complaint enquiries rise 47%

Complaint enquiries rise 47% as Property Redress annual report shows faster resolutions and higher early settlements 47% increase in complaint enquiries in 2025 (4,220 vs 2,863 in 2024) 41% more cases accepted by December compared to the previous year Average resolution time reduced to 34 days (down from 39 days in 2024) 53% of cases resolved at early…
Read More
Breaking News

Breaking Property News 2/3/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Rightmove’s CEO Johan Svanstrom … ‘is a man under pressure’ Rightmove’s ‘Unthinkable Event’ Thought Leadership by Mal McCallion CEO at ModelProp, guiding AI-driven growth in property. The #Rightmove CEO came out swinging on Friday when his company’s latest set of annual results, for 2025, showed that they…
Read More
bank of england interest rate
Breaking News

Bank of England Money and Credit Report – January 2026

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: et borrowing of mortgage debt by individuals decreased to £4.1 billion in January, from £4.5 billion…
Read More
Breaking News

Nationwide house prices showing a 0.3% increase

Thoughts from the Industry Nathan Emerson, CEO of Propertymark comments: “Today’s figures from Nationwide show continued upward movement in house prices, reflecting resilient demand in many parts of the UK despite ongoing affordability constraints. “While rising prices may signal confidence in the market, they also reinforce the need for policies that support supply and improve…
Read More
Breaking News

House price growth holds steady in February

Annual house price growth unchanged at 1.0% House prices were up 0.3% month on month Continued improvement in affordability helped drive first-time buyer activity in 2025 Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “Annual house price growth remained steady at 1.0% in February. Prices increased by 0.3% month on month, after taking…
Read More