AI offers ‘huge opportunities’ for real estate but regulatory concerns hold firms back

Technology such as artificial intelligence (AI) and machine learning brings huge opportunities for the real estate sector, but legal and regulatory concerns are holding back businesses from driving innovation in the sector, research suggests.

Almost half (45 per cent) of the 375 senior decision makers from global real estate businesses surveyed said they were unclear or worried about the legal/regulatory implications of new technology, admitting this was their biggest obstacle to implementing new tech within their business.