New figures released on Monday by the National Bureau of Statistics showed the economy grew faster than the 3.13% recorded in the same period of 2025. 

Still, growth slowed slightly from the 3.99% posted in the fourth quarter of 2025.

The report points to resilience in the non-oil sector, even as crude oil production weakened during the quarter.

Agriculture recorded one of the strongest improvements. The sector grew by 3.15% in real terms, compared with just 0.07% in the first quarter of last year. Crop production was the biggest driver within the sector.

Services were the largest part of the economy, contributing 57.73% to total GDP. The sector expanded by 4.31% during the quarter, although that was slightly below the 4.33% growth recorded a year earlier.

Industry also improved moderately, growing by 3.50% from 3.42% in the corresponding period of 2025.

Nigeria’s non-oil sector continued to carry most of the economy. According to the NBS, the sector grew by 3.94% in real terms and accounted for 96.08% of total GDP in the quarter.

Telecommunications, crop production, trade, cement manufacturing, financial institutions, real estate, construction and road transport were among the sectors that supported growth.

Telecommunications was one of the strongest performers. Information and communication activities grew by 10.98% year-on-year and contributed 11.31% to real GDP, higher than the 10.59% recorded in the same quarter of 2025.

Trade contributed 17.89% to real GDP, while real estate accounted for 13.10%. The finance and insurance sector grew by 8.54%, and construction expanded by 6.38%.

In nominal terms, the country’s GDP stood at N110.79 trillion in the first quarter of 2026. That represents a 17.79% increase from the N94.05 trillion recorded in the same period last year.

Oil production, however, was under stress. Average daily crude oil output fell to 1.55 million barrels per day, lower than the 1.62 million barrels per day recorded in the first quarter of 2025. Production also dropped slightly from the 1.58 million barrels per day posted in the previous quarter.

Even with weaker output, the oil sector still recorded real growth of 2.57%, up from 1.87% a year earlier. Its contribution to total real GDP stood at 3.92%, slightly below the 3.97% recorded in the corresponding quarter of 2025.

The report also showed mixed performances across other sectors. Arts, entertainment and recreation recorded strong growth of 11.25%. On the other hand, electricity, gas, steam and air conditioning supply contracted by 15.30% in real terms.

Education growth slowed to 1.22%, down from 2.47% in the same period last year.

Nigeria is currently dealing with high inflation, expensive living costs and pressure on household spending. Inflation has remained above 15% despite ongoing reforms aimed at stabilising the economy.

Since 2025, the federal government has pushed ahead with policies including fuel subsidy removal, exchange rate unification and fiscal reforms as it tries to strengthen public finances and attract investment.

Compared with some African economies, Nigeria’s latest GDP growth figure placed it ahead of South Africa, where growth slowed to 1.9% in the same period. Ghana recorded 3.5% growth in the first quarter of 2026.

The post Nigeria’s GDP Grows 3.89% in Q1 as Agriculture, Telecoms Lift Non-Oil Sector appeared first on Tech | Business | Economy.

The round was led by Balderton Capital, a repeat backer, with participation from high-profile investors including Founders Fund, Peak XV Partners, ExBorder Partners, COTU Ventures, and others. The capital injection will support Huspy’s move into Saudi Arabia and expand its footprint across key European cities.

For a startup operating in a sector weighed down by high interest rates and struggling valuations, this funding success is a notable vote of confidence. 

While companies like Opendoor and Compass have seen their momentum slow in the U.S., Huspy has managed to cut through the noise by identifying structural inefficiencies and turning them into scalable opportunities.

In five years, the company has grown from a Dubai-based solution to one of the most prevalent players in the UAE mortgage market, capturing 30% market share, including a 25% in Dubai alone. 

Its entry into Spain in 2022 has also shown commendable results, with the company now ranked among the top three real estate firms by transaction volume in Valencia, and reporting 20x year-on-year growth.

Jad Antoun, Huspy’s CEO and co-founder, built the company on lessons learned from the overly complex and manual mortgage system in the UAE. By partnering with banks and offering digital pre-approvals, Huspy reduced friction for both buyers and brokers. Speaking on the company’s expansion strategy, Antoun said:

“I think it’s going to be difficult for someone to compete on the mortgage product specifically across both markets. We’ve just been here longer, and in Spain, we have better efficiency.”

Instead of building traditional brokerages or holding inventory like iBuyers, Huspy runs a platform-based model that connects freelance agents with vetted property leads and provides them with digital tools, CRM systems, and integrated mortgage products. 

The result is a low-overhead operation, more Uber than Zillow, that allows Huspy to scale efficiently across multiple cities.

Rana Yared, general partner at Balderton Capital, noted the firm’s confidence in Huspy’s model, saying: “Huspy has built a repeatable and efficient playbook for city launches, and their pace of innovation — especially around AI tools for brokers and agents, continues to raise the bar for the entire industry.”

Huspy claims to have helped over 25,000 people buy homes, driven over $7 billion in transaction volume, and grown its revenue more than tenfold since 2022. Its monetisation relies on success fees and commissions from partner banks and agents.

With operations already running in six Spanish cities and plans to expand into over 10 more by the end of 2025, Huspy is chasing a bigger vision to dominate the real estate transaction and mortgage value chain across the Middle East and Europe, markets often underserved by tech-enabled solutions.

Deputy CEO Ziad Nassar is leading the company’s European expansion, while Antoun continues to anchor operations from the UAE.

Their strategy is to focus on cities where agent productivity is low but transaction volume is high, build strong partnerships with marketplaces and banks, and deploy digital tools to improve agent performance.

The post Huspy Raises $59 Million to Scale Real Estate Disruption Across Europe and Middle East appeared first on Tech | Business | Economy.

The round, which includes $52 million in equity led by Partech Africa and $23 million in debt financing from leading Egyptian banks, is one of the continent’s largest Series A rounds to date.

Founded by Mostafa El Beltagy alongside Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea, Nawy began with a personal issue, trying to buy property in Egypt. 

El Beltagy, a former Vodafone executive, quickly realised how inefficient the process was, relying on sales agents, navigating scattered listings, and enduring biased guidance.

“I had no way to look at the market and understand what’s out there, aside from going almost developer by developer, picking up their brochures and asking their salespeople questions, which was highly inefficient,” said El Beltagy. “In this sector, everyone is incentivised to push you one way or another.”

That issue gave birth to a new model; a platform that doesn’t just list properties but supports users throughout the buying journey, from discovery to financing. Today, Nawy is building itself as a full-stack real estate platform, providing everything from listings and brokerage to innovative financing tools.

The $23 million debt financing supports Nawy’s flagship financial product, “Move Now, Pay Later,” which enables customers to buy homes through tailored instalment plans, filling a gap in a market where traditional mortgages are rare and difficult to access. “It’s mortgage packaged differently because mortgages are almost non-existent here,” El Beltagy added.

To strengthen this offering, Nawy earlier signed a funding agreement worth 1 billion Egyptian pounds with Contact Financial’s Med Wealth Funds. The deal gives users immediate access to homes with payment plans stretching up to 10 years.

The platform’s appeal isn’t limited to financing. Nawy also introduced fractional ownership through “Nawy Shares,” allowing individuals to invest in property with as little as $500, a strategic move to include Egypt’s middle class, many of whom have long been excluded from property investment.

Growth figures are striking. In just four years, Nawy claims to have increased its revenue 50-fold in dollar terms, despite a 69% drop in the Egyptian pound’s value. Its gross merchandise value (GMV) surged from $38 million in 2020 to over $1.4 billion in 2024.

To support this growth, the company has built a tech-driven backend used by more than 3,000 brokerages. The introduction of instant commission payouts, funded in advance, helped overcome early scepticism and got brokers to engage with the platform. Developers, now competing for visibility among more than a million monthly site visitors, provide access to live inventory.

Now the company is plotting its next phase, expansion is firmly on the table. Nawy is eyeing Morocco, the UAE, and Saudi Arabia as entry points into new markets. The company recently acquired ROA, a property management firm, and rebranded it as “Nawy Unlocked” to broaden its suite of services.

The funding round includes participation from a wide group of local and international investors: Development Partners International’s Nclude Fund, e& Capital, Endeavor Catalyst, HOF Capital, March Capital Investments, Outliers, Plug and Play, Shorooq Partners, VentureSouq, and Verod-Kepple Africa Ventures.

Partech’s General Partner, Tidjane Deme, who led the equity round, said: “We’re excited to support Nawy as they build the foundation for a modern, tech-driven real estate experience. Their team has deep market insights, coupled with ambitious regional expansion plans and exceptional execution, positioning them as the clear proptech champion in Africa and the Middle East.”

The post Nawy Raises $75 Million to Disrupt Real Estate Across Africa, Middle East appeared first on Tech | Business | Economy.

Akintunde disclosed this while citing the immense contributions of the Real Estate industry to the Nigerian economy, pointing out that the sector witnessed a 46.52 percent expansion, 16.5 percent quarter-on-quarter growth rate, and 5.43 percent contribution to real Gross Domestic Product (GDP) in Q3 of 2024.

He stated that if properly harnessed, the real estate sector will play a significant role in driving the achievement of Nigeria’s N1 trillion economy ambition through extensive job creation, urban and rural landscape renewal, and robust tax and fee contributions.

In his words: “The sector leaped above oil and gas, telecommunications and agriculture which were traditional leading contributors to the economy, and facility management also played a part in this development.

“Trends in sustainability, cybersecurity, automation, workplace and home well-being, smart building and Artificial intelligence have expanded the operations of facility management consultants beyond the usual traditional roles, making engaging their services a necessity if the growth trajectory of the real estate sector will be maintained.”

He, therefore, cautioned developers, stakeholders, and other professionals in the Real Estate industry to maximise the roles of facility managers to hasten growth in the Nigerian economy.

The Alpha Mead MD also stressed that developers and owners should engage the services of a facility management firm or consultant in keeping tab with the growth trajectory of the real estate sector.

He said:

“It is most likely that it will be overwhelming to keep up with the growth trajectory of the real estate sector and cope with trends in facility management. An attempt to self-play both roles will yield poor facility management which snowballs into an unsatisfactory tenant experience, complaints, court cases, unrealised utility projection, threat to human health and safety, structure deterioration, expensive repairs, facility failure, abandonment, and low investment yield.”

Akintunde further outlines numerous benefits that developers and owners of properties stand to gain by utilizing Alpha Mead’s expertise in facility management.

He said:

“At Alpha Mead Group, we keep scaling our operations to support the growth of the real estate sector – not just in Nigeria, but across the key locations within the African region. Our services are designed to help investors in the real estate sector achieve their objectives.”

He further noted that concerted efforts are being made by Alpha Mead towards improving the performance of the Real Estate industry.

The company aims to help both the government and private investors scale returns, even as users scale experience; noting that the role of facility management in boosting growth in the Real Estate sector and the Nigerian economy cannot be over-emphasized.

Currently, Alpha Mead Group is one of Africa’s leading Facilities Management Companies.  The company is certified to ISO 9001:2015 international standards by United Kingdom Accreditation Services, UKAS, providing Integrated Facilities Management operations and Consultancy services to large-scope, complex, and multi-serviced facilities across Africa.

For over a decade, they have provided quality facility management services to some of the Fortune 100 companies operating in Africa and the Middle East markets.

The post Real Estate to Drive Nigeria’s $1trillion Economy Ambition – Akintunde appeared first on Tech | Business | Economy.

Speaking alongside notable industry leaders, including Dr. Simon Ogwu, Executive Director/Chief Operating Officer, AG Mortgage Bank and keynote speaker Mr. Francis Ekeng, MD, Breezetek Technologies, Mr. Igbalajobi challenged traditional practices, urging mortgage providers to prioritize customer empowerment and internal efficiencies to remain relevant in a rapidly evolving market.

During his panel session on the theme “Digital Transformation, Innovation, and Growth,” Mr. Igbalajobi drew from his early experiences with mortgages to spotlight persistent inefficiencies in the system.

He observed that today’s customers are increasingly impatient, discerning, and tech-savvy, demanding faster and more inclusive services.

He stressed that mortgage providers must rise to these expectations, stating,

“If a customer knows within five minutes that they can secure a mortgage offer for a specific amount, you’ve captured their interest.” 

He underscored the critical role of immediacy and clarity in engaging prospective homeowners effectively.

Mr. Igbalajobi observed that high rental costs and low-income levels present significant barriers for many Nigerians. He urged financial institutions to lower the target age demographic for mortgage products, making homeownership more accessible to younger populations.

He pointed out that many individuals under 35, who struggle to afford rents in urban centers or save for property investments, represent an untapped market segment. Mortgage providers, he suggested, must craft products tailored to this audience, offering affordable solutions that consider Nigeria’s economic realities.

A central theme of his address was the urgent need to create a seamless and efficient customer journey by digitizing and simplifying mortgage application processes.

Mr. Igbalajobi emphasized the importance of optimizing internal operations, advocating for stronger collaboration and improved efficiency across teams. He highlighted the necessity of eliminating delays in approval processes, urging organizations to leverage digital tools that provide real-time tracking of activities across the approval chain.

“If a document sits on a manager’s desk for two days, the system should notify the managing director, prompting action. This kind of accountability ensures customer needs are met promptly,” he stated, underscoring the importance of responsiveness and transparency in driving customer satisfaction.

By reengineering internal workflows, integrating digital monitoring tools, and fostering greater collaboration across departments, institutions can eliminate delays in the approval process.

Recognizing the disruptive influence of fintechs in the real estate sector, Mr. Igbalajobi also urged AG Mortgage Bank to adopt a collaborative mindset. He referenced successful partnerships between traditional financial institutions and fintechs, emphasizing the opportunities such alliances present in creating smarter, faster, and more customer-centric solutions.

“Fintechs are also innovating, but they cannot do it alone. They need you because you hold the licenses they cannot obtain,” he remarked, calling for a symbiotic relationship between traditional and emerging players.

Beyond digital transformation, Mr. Igbalajobi emphasized the critical role of empowering employees to efficiently facilitate transactions.

Drawing inspiration from advancements in international markets, he highlighted examples of real estate companies abroad that have digitized the entire home-buying experience, encompassing virtual property tours and seamless online mortgage applications.

“Imagine a scenario where a salesperson meets a customer on-site, discusses terms, and finalizes a mortgage agreement without the customer ever stepping into a branch,”he proposed.

This vision, while ambitious, reflects global best practices and underscores the immense potential for innovation within Nigeria’s mortgage sector.

Mr Igbalajobi also highlighted the need for continuous education and enlightenment. He urged mortgage providers to engage prospective customers through webinars and other knowledge-sharing initiatives designed to demystify the mortgage process.

He observed that many young professionals lack a clear understanding of how mortgages work or the benefits they offer.

By prioritizing customer education, he argued, institutions can build trust and attract a new generation of homeowners, particularly those currently feeling excluded from the housing market due to perceived complexities or costs.

Mr. Igbalajobi emphasized that the future transformation of AG Mortgage Bank—and the broader mortgage sector rests on two pivotal pillars: customer empowerment and employee engagement. He identified these as the twin drivers of growth, profitability, and long-term resilience.

“You have the customer base, the brand equity, and access to funding. The real challenge lies in harmonizing your systems and workforce to consistently deliver exceptional value and elevate the customer experience,” he concluded, underscoring the strategic imperative of aligning people, processes, and technology for sustained success.

SystemSpecs Technology Services Limited, under Mr. Igbalajobi’s leadership, continues to lead the charge in delivering innovative solutions that drive industry growth.

Through solutions like Pouchii, FundACause, and others, the company demonstrates its commitment to reshaping Nigeria’s financial landscape with technology-driven strategies.

The post Ademola Igbalajobi Advocates Tech-Driven Innovation in Real Estate appeared first on Tech | Business | Economy.

• Natural catastrophes rank as the top risk in the engineering, construction, and real estate industry with 38% of responses.
• Fire, explosion is second with 31% of responses.
• Business interruption is third with 28% of responses.
• Businesses need to prioritize risk management and adopt proactive measures to protect their assets, employees, and reputation.

The engineering, construction, and real estate sector is facing significant challenges in the year ahead, with Natural catastrophes and Fire, explosion risks emerging as the primary concerns, according to the Allianz Risk Barometer.

It is followed by Business interruption (28%), Macroeconomic developments (21%) and Cyber incidents (19%).

The report, based on insights from over 3,000 risk management professionals and business leaders, highlights the urgent need for proactive risk management and comprehensive disaster preparedness to ensure business continuity and safeguard against potential disruptions.

Natural catastrophes, including hurricanes, earthquakes, and floods, pose a major threat to the industry, causing damage to infrastructure, delaying construction projects, and disrupting real estate markets.

With 38% of respondents identifying, it as the top risk, the sector must prioritize resilience by adhering to building codes, incorporating climate resilience considerations, and collaborating with stakeholders for effective disaster response planning.

Fire and explosion risks are another significant concern, particularly during the construction phase and in occupied buildings.

The report reveals that 31% of respondents consider this risk a top priority. To mitigate these risks, the industry must focus on fire prevention measures, including adherence to standards, installation of detection systems, and collaboration with experts for emergency response planning.

Business interruption, resulting from project delays, supply chain disruptions, and regulatory challenges, is also a pressing issue for the sector, with 28% of respondents highlighting it as a major risk.

To mitigate these risks, contingency planning and diversification of project portfolios are recommended, alongside leveraging technology for flexibility, and conducting thorough risk assessments.

Macroeconomic developments, such as economic downturns, inflation, and changes in interest rates, pose a threat to the industry, affecting project financing, demand for construction services, and property values.

The report reveals that 21% of respondents consider this risk a top concern. To address these risks, the sector must stay vigilant and adapt to changing economic conditions, while also exploring opportunities for growth and diversification.

In an increasingly digital landscape, cyber incidents are becoming a growing concern for the engineering, construction, and real estate industry.

With 19% of respondents identifying this risk as a top priority, robust cybersecurity measures, such as encryption and employee training, are essential to protect sensitive data and maintain operational continuity.

“Allianz Risk Barometer 2024 highlights the critical risks faced by the engineering, construction, and real estate sector,” said Geoff Tanton, head of Property and MidCorp at Allianz Commercial South Africa. “By implementing effective risk management strategies and disaster preparedness measures, businesses can enhance their resilience and ensure continuity in the face of various challenges.”

The engineering, construction, and real estate sector plays a vital role in driving economic growth and development.

As the industry faces an array of risks, it is crucial for businesses to prioritize risk management and adopt proactive measures to protect their assets, employees, and reputation.

The post Natural Catastrophes, Fire Risks Top Concerns for Engineering, Construction and Real Estate sector in 2024 appeared first on Tech | Business | Economy.

The fusion of property and technology is reshaping how we buy, sell, manage, and even dream about real estate. So, what’s all the fuss about proptech? Let’s dive into this whirlwind of innovation that’s giving the traditional property sector a digital makeover.

Unveiling the Impact of Proptech: What’s the Big Deal?

While the term might sound unfamiliar to some, its impact is nothing short of revolutionary. Proptech, short for “property technology,” is modifying the way we interact with real estate, reshaping the industry from the ground up. So, what’s the big deal about proptech? 

Bridging the Gap Between Real Estate and Technology

Proptech is a powerful fusion of real estate and technology, harnessing the capabilities of digital tools to streamline, enhance, and redefine the property sector. From buying and selling properties to managing and optimizing spaces, this innovation is revolutionizing the traditional processes, making them more efficient, transparent, and accessible.

Empowering the Consumer

One of the cornerstones of proptech’s impact is its empowerment of the consumer. With real-time data, augmented reality (AR), and virtual reality (VR) experiences, potential buyers and renters can explore properties remotely, gaining insights that were previously reserved for physical visits.

Proptech empowers individuals to make more informed decisions, reducing the uncertainty and stress often associated with property transactions.

Enhanced Property Management

Proptech isn’t just about transactions; it’s about property management too. Smart building technologies, IoT devices, and predictive analytics enable property managers to monitor, analyze, and optimize everything from energy consumption to maintenance schedules. This proactive approach not only enhances tenant experiences but also minimizes costs and environmental impact.

Unlocking Investment Opportunities

For investors, proptech opens doors to new horizons. Crowdfunding platforms and real estate marketplaces democratize property investment, allowing individuals to invest in projects they believe in, regardless of their financial size. Additionally, proptech-driven data analytics help investors identify emerging trends and high-potential markets, making strategic decisions easier.

Sustainability and Efficiency

Proptech isn’t just reshaping the industry—it’s also contributing to sustainability efforts. Smart homes and buildings are designed to optimize energy usage, reducing waste and carbon footprint. From solar-powered panels to energy-efficient appliances, proptech is aligning the property sector with global sustainability goals.

Overcoming Challenges and Disruption

As with any technological revolution, challenges and disruption are inevitable. Traditional players in the real estate sector might face a learning curve and resistance to change. However, the long-term benefits of improved efficiency, cost savings, and enhanced customer experiences far outweigh the initial adjustments.

The Future of Proptech

The potential of this sector is vast and exciting. As technology advances, we can expect further integration of AI, blockchain, and data analytics to create more personalized, secure, and efficient real estate experiences. From predictive modeling for property values to automated property management systems, proptech’s future is laden with innovation.

In conclusion, the big deal about proptech lies in its ability to transform an age-old industry into a dynamic, customer-centric, and technologically advanced landscape. In bridging the gap between real estate and technology, proptech is shaping a future where property transactions, management, and investment are more accessible, efficient, and sustainable than ever before. As the proptech wave continues to surge, it’s time to embrace the exciting possibilities it brings to the world of bricks and mortar.

The post What’s the Big Deal About Proptech? appeared first on Tech | Business | Economy.

The real estate industry has changed significantly over the last couple of decades. Online tools and platforms have enabled agents to reach wider audiences and even engage with truly global marketplaces.

There are also various technological components that continue to boost elements such as administration, market research, and viewings.

It’s important not to be left behind in this technological evolution. Having a good understanding of what the current innovations are and how they can help your business can give you a competitive edge.

Artificial Intelligence

Artificial intelligence (AI) is getting a lot of attention as of late. While opinions are understandably divided, it’s worth exploring how mindful application of AI-driven tools can empower you as a real estate agent. These aren’t platforms that can or should replace your talents as a professional. However, there are ways they can augment your business practices to improve efficiency and accuracy.

The primary ways in which AI is impacting real estate at the moment relate to its data analytics potential. When provided with accurate and unbiased information on local and national markets, AI-driven software can use machine learning algorithms to make nuanced forecasts about oncoming market phases.

Similar tools are also being used to review data on sales histories and property features to offer insights into likely property prices. These elements help you to provide well-informed advice to buyers and sellers on strategic actions and investments.  

In addition, AI can be a powerful tool for helping you handle customer service elements. Website chatbots have become increasingly accessible as of late.

These AI-driven tools can be programmed with elements such as basic real estate advice, frequently asked questions, and even current property portfolio data. They can then operate as the first line of contact for buyers or sellers, swiftly providing them with the information they need, leaving you to focus on more complex interactions.

The Internet of Things

The Internet of Things (IoT) has become a more prevalent part of the real estate landscape over the past decade. This relates to the ecosystem of connected smart devices that collect, share, and interact with various types of data. These tools help power everything from smart homes to effective marketing processes. As a result, it’s important to understand how you can utilize them to boost your real estate agency’s success.

Firstly, if your agency also handles property management, installing smart devices around properties can be wise. This can include security cameras, lighting sensors, thermostats, and moisture detectors, among other elements.

These tools provide your agency with real-time data on the current condition of properties and can promote more energy-efficient tenancies. As a result, you can respond more effectively to maintenance needs and boost client confidence in your services. This can not only result in overhead savings, but it can boost your reputation among tenants.

Importantly, the IoT can assist you in gathering vital insights on market needs. As a real estate agent, running a business event can enable you to gain invaluable data you can leverage to improve your services. This could include the demographics of those most interested in your services, consumer feedback, and potential client contact information, among other aspects. However, it’s vital to use effective methods to collect, handle, and assess this data.

As a result, you should consider populating open houses and other events with IoT devices. This could include tablets that offer surveys and contact forms. Activity-tracking wristbands can also register data on displays and other elements attendees interact with. Combined with reliable analytics software, you can use this information to influence your marketing, services, and other operational elements.

Extended Reality

Extended reality (XR) has gradually entered commercial spaces in recent years. It relates to tools that enable consumers and staff to use a combination of virtual reality (VR), augmented reality (AR), and mixed reality (MR) in their activities. While this may seem like advanced tech, the continued rise of the digital landscape ensures XR is now accessible and practical for real estate agents.

Your ability to engage with buyers that are in other states or other countries can influence the success and growth of your agency. Indeed, online real estate sales are on the rise.

One way to do this is by offering VR tours to more distant clients. In most cases, the main piece of equipment needed for this is a 360 camera, which allows you to go through properties and take images that cover all angles. You can then host these components on your website and direct users to either view them in a browser or get a truly immersive experience using a VR headset.

For buyers who are able to visit in person, AR and MR tools can be vital for properties that are currently still in development. Design staging applications enable users to hold up their phones in certain areas of a property under development and see design mockups for the finished interior. Similar staging apps can also be used with VR headsets so that buyers can physically walk through the buildings and see 3D simulations of the intended finished designs.

This can give them a taste of how they could live in the property, rather than simply seeing a work-in-progress.

Conclusion

Advanced technology can help your real estate business to thrive. AI analytics platforms enable you to gain more accurate market forecasts and property valuations.

Tools in the IoT can help you gather invaluable data and streamline the management of rental properties. In addition, XR tech offers opportunities for immersive tours.

However, it’s important to remember that these tech tools are only as useful as your understanding of their functions. It’s wise to consider investing in regular training on the latest platforms and equipment. This enables you to utilize them in effective and potentially innovative ways.

[Feature Image Source: Pexels]

The post Tech-Driven Success: Empowering Real Estate Agents in the Digital Era appeared first on Tech | Business | Economy.

Mr. Gideon Ekanem, the Managing Director of In-Motions Business Limited, announced this significant contribution in an official statement.

The plot of land, situated in the prestigious Wana Court Green Estate in Uyo, the capital of Akwa Ibom State, has been allocated to honor Hilda Baci’s extraordinary achievement.

In his statement, Ekanem applauded Chef Baci for bringing immense pride to the state through her exceptional feat.

He stated, “Hilda Baci epitomizes the spirit of resilience that prevails in our society today. We wholeheartedly join the entire nation and our fellow Akwa Ibomites in jubilantly celebrating her extraordinary accomplishment.”

Ekanem further expressed his delight at recognizing Hilda Bassey’s outstanding performance in the cooking marathon by presenting her with a complimentary plot of land in Wana Court Estate. This estate stands as a pioneering example of a green and smart development in Uyo, the capital city of Akwa Ibom State.

He added, “May this well-deserved honor stand as a testament to your unwavering determination. In-Motions Business Ltd is built upon the foundation of diligence and perseverance, and we consistently align ourselves with these virtues.”

The generous contribution from In-Motions Business Limited serves as both a symbol of gratitude and an investment in Hilda Baci’s future. The gift acknowledges her dedication and the mark she has made on the culinary world, further solidifying her status as an inspirational figure within society.

As Hilda Bassey gratefully receives this invaluable reward, she continues to inspire aspiring chefs and individuals across the nation, reminding them that perseverance and resilience are the keys to achieving greatness.

The post Real Estate Firm Gives Hilda Baci N3.5m Worth of Land appeared first on Tech | Business | Economy.

From virtual reality to artificial intelligence, cloud-based storage, automated analytics, AI-driven property management, data-driven insights and virtual tours, the Real Estate industry is adopting innovative technologies that are revolutionizing the way we view, interact, and transact with our properties. 

With these advancements, the Real Estate industry is poised to become more efficient, cost-effective, and customer-centric than ever before. Join us as we explore the technologies that are making this revolutionary change possible.

In this new era of real estate, technologies like artificial intelligence, the Internet of Things (IoT), machine learning, and blockchain are all playing a part in transforming the industry. With these tools, agents, brokers, and investors can complete processes faster, make smarter decisions, and reduce overhead costs.

To start, artificial intelligence (AI) is making it easier for real estate agents and brokers to manage multiple properties. AI-enabled applications are helping agents and brokers identify potential buyers and sellers, as well as generate leads and analyze the market. AI can also be used to automate the property management process, helping agents and brokers reduce paperwork and streamline operations.

The Internet of Things (IoT) is also making an impact on the real estate industry. IoT-enabled devices are being used to improve the efficiency of building management systems, monitor energy use, and detect problems before they become major issues. IoT is also making it easier to manage remote properties, as well as to monitor tenant activity.

In addition to AI and IoT, machine learning is equally having an impact on the real estate industry. Machine learning algorithms can be used to analyze large datasets and make better decisions on behalf of agents and brokers. For instance, machine learning algorithms can be used to identify patterns in the market and suggest effective strategies for pricing and marketing.

Finally, blockchain is also making its mark on the real estate industry. Blockchain technology is enabling the secure transfer of data and the secure storage of documents, making it easier and safer to manage records. It is also making it possible to create smart contracts, helping agents and brokers streamline the process of renting or selling a property.

The real estate revolution is transforming the industry and making it more efficient and profitable. New technologies like AI, IoT, machine learning, and blockchain are all helping to make the process of managing real estate more efficient and secure. It is an exciting time for the industry and those who are investing in it.

Ultimately, these technologies are creating a more efficient, streamlined real-estate industry that is benefiting both buyers and sellers.

By leveraging data-driven insights, they are making the entire process more cost-effective. Moreover, they are also providing new opportunities for investors to tap into lucrative markets.

As a result, real estate is poised to become an even more valuable asset in the future. Professionals in the industry must stay abreast of the latest developments in order to make the most of this revolution.

The post Real Estate Revolution: PropTech Leads the Way  appeared first on Tech | Business | Economy.