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

Nationwide extends six times lending to home movers and remortgage

Nationwide enhances support for people looking to move up the property ladder or get a new mortgage deal Five-fold increase in Nationwide loans to first-time buyers at or above 5.5x income in 2025, compared to 2024 Increased first-time buyer support follows regulatory changes to improve affordability Nationwide is today announcing a major boost to the…
Read More
Breaking News

Breaking Property News – 21/1/2026

Daily bite-sized proptech and property news in partnership with Proptech-X.   Jon Cooke steps down as Non-Executive Director at GPEA Jon Cooke will continue to focus on innovation within the property sector Jon Cooke has stepped down from his role as Non-Executive Director at GPEA, the business that owned Fine & Country and The Guild…
Read More
Breaking News

UK Finance Buy-to-Let Mortgage Market Update

UK Finance today releases its buy-to-let (BTL) mortgage market update for Q3 2025, looking at trends in lending to borrowers accessing the market. In Q3 2025 there were 59,467 new buy-to-let loans advanced in the UK, worth £10.9 billion. This was up quite significantly compared with the same quarter in the previous year, 22.7 per…
Read More
Breaking News

ONS Private Rent and House Prices Index

Average UK monthly private rents increased by 4.0%, to £1,368, in the 12 months to December 2025 (provisional estimate); this annual growth rate is down from 4.4% in the 12 months to November 2025. Average rents increased to £1,424 (3.9%) in England, £822 (5.7%) in Wales, and £1,018 (2.8%) in Scotland, in the 12 months…
Read More
Breaking News

UK House Price Index November 2025

The latest index shows that: The average monthly rate of house price growth in November was +0.3%. Average UK house price annual inflation was 2.5% in the 12 months to November 2025, up from the revised estimate of 1.9% in the 12 months to October 2025. As a result, the average UK house price currently…
Read More
Breaking News

Industry Comment on UK inflation rising to 3.4%

UK inflation rises for the first time in 5 months. Industry reactions on UK inflation rising to 3.4% Nathan Emerson, CEO of Propertymark: “To witness inflation creep back upwards again will no doubt be disappointing for many consumers who will have been hoping to see a drop as we move further into the first quarter…
Read More