How Modern Technology Is Changing Our Views on Property Ownership
New technology is slowly but surely changing our views on many of the established aspects of life. Property ownership is one of the areas where emerging tech is making a huge difference in several interesting ways, but how exactly are new devices and platforms changing our attitude to owning a property?
Tokenization Allows Fractional Ownership
Owning a property has always been a financial challenge for most people. It tends to involve saving for a long period, followed by the need to borrow funds to complete the purchase, which is the biggest investment of many people’s lives. While home ownership has proved to be one of the most profitable types of investment in most parts of the world, the entry bar has risen dramatically in recent years. This makes property ownership a distant dream for many people.
This is where fractional ownership could transform our options. The process of tokenization is used to turn real-world assets into digital assets on the blockchain. It allows investors to purchase a small percentage of a property while adding liquidity to the overall market. Dubai is currently leading the way in this area, with new rules introduced by the Virtual Assets Regulatory Authority in 2025 to make the transition smoother.
Remote Works Allow More Geographical Freedom
The next area of transformation regards how we work and the effect that has had on our idea of property ownership. Easier ways to work remotely have freed millions of people from the daily commute and allowed them to expand their horizons. While some have taken this to the
extreme of becoming digital nomads who travel the planet as they work, others have simply gained more freedom in being able to choose where they live.
Zoom meetings and cloud-based collaboration tools like Google Workspace are making it easy for more people to stay at home while enjoying a rewarding career. Enterprise Video Content Management (EVCM) is another of the fastest-growing areas, giving companies a series of collaborative tools that allow their team members to collaborate on video content efficiently.
This has boosted rural areas, where remote workers can enjoy a more natural setting and may benefit from lower house prices. Some countries are taking advantage of this growing interest in rural properties to offer packages that provide incentives for people who want to get a change of pace by moving to neglected areas in need of new residents to spark them back to life.
Even people who are already on the property ladder can become part of this trend by moving to a new home in a location that suits a remote working lifestyle. Selling a property to make this kind of change can take time, which is why this service for selling your house fast offers
a viable alternative. Rather than waiting for the traditional property market to move in the right direction, homeowners get an immediate preliminary cash offer that lets them start to look at new properties right away.
Crypto-Backed Loans, Crowdfunding and the Sharing Economy
The idea that going to a bank is the only way of accessing a property loan is rapidly becoming outdated. One option that’s gaining ground is that of using cryptocurrencies to obtain a loan, locking the digital loans into place as collateral rather than selling them to buy a home. For those would-be purchasers who lack the funds needed to make a move, crowdfunding may offer an alternative. Property crowdfunding platforms such as Fundrise are changing the market by giving online access to private market real estate investments.
We can’t overlook the impact of the sharing economy on property ownership. Platforms like Airbnb allow people to put their property to good use and make money from letting it out. Co-working spaces have also transformed the business property market. There’s no longer any need to buy or rent a full property when all you need is enough space for a laptop with an internet connection.
New technology will continue to change our outlook on the property market and how we decide to own houses. Taking a look at these trending areas gives us a feel for how the property market will continue to move in new directions that make the most of the latest technology that’s available to us.
