How Self-Driving Cars Are Changing up the Game in the Real Estate Industry

We’ve all had our eyes on Google over the last few years, eyeing off their interests in the self-driving cars field, but now, concepts are rising and are set to take over the real estate industry in the near future.

Transport has always had a huge influence on the way the industry has operated. Ultimately, if there’s a road, there’s a property there too. But most importantly, travelling to and from properties (be it an agent or a prospect buyer/renter) means having to spare the time to do so—and that’s something not all of us have enough of.

Gaining back lost time

With the ability to enjoy self-driving cars, people will be able to stop losing their time to attend inspections, auctions—or for agents, to head off to a client meeting. Time spent in the car may mean being able to catch up on work, get any necessary socialising done or mapping out a plan of attack for the rest of the day. This is a huge plus for agents that constantly find themselves thrown into the chaotic antics that come hurdling at an exasperating speed.

Opportunities for developments

Possibly the biggest advantage to the introduction of these vehicles is the likelihood that new developments will increase. With a decrease in reasons for a car to be parked—given it is constantly self-driving and on the go—there will be a reduction in the need for parking lots. This will result in more land and space for houses, buildings, commercial structures and more (all of which can be huge new business for real estate agencies).

In areas where parking lots were likely to put into place, or possible have been eliminated altogether, developers can capitalise on land gains and create innovative spaces where tourists and local residents are evolving. In the end, we’re most likely going to witness a bit of a boom in the real estate industry, all because of this simple factor.

Okay, but how far off is this?

Actually, it may sound like a part of The Jetsons, but the whole concept isn’t all that far off at all. In the U.S, the government has already given their support by issuing new guidelines for automated vehicles, and according to Business Insider, we can expect these cars to be on the road by 2020.


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