A DRAMATIC AND IRREVERSIBLE SHIFT IN REAL ESTATE SYSTEMS

The 34th annual congress of April 10-14 this year took place in Bonita Springs (Florida) where the professionals in real-estate education and research discussed six themes: global economy and capital flows, real estate market cycles, demographic effects, future-proof real estate, disruption in technology and future educational models.

The six themes of this congress were the result of the more than 120 participants who participated in the Critical Issues Seminar in Coronado, San Diego last year. As with the previous nine years of these ARES meetings, the central goal of the meeting is to focus on education and research strategies and action plans that can close the gap between the real estate profession and the academic world. This makes real estate education and research more relevant and better utilized within the various professional and academic sectors of the real estate economy. The large variety of the many panels that took place included many different perspectives in 105 sub-sessions.

The influence of technology on the valuation of real estate is also presented in various themes. The impact of technological changes on real estate and the real estate sector is considerable. Proptech is developing very fast, but can this be expressed in a valuation of real estate as we can and should do with sustainability? Big data too - we have a lot of data, but do we know how to ask the right question to make this data accessible? – will influence the potential impact on demand, supply and financing. All questions that the Congress tries to answer with many researches. In seven presentations of research into the digitization of real estate and its influence on the development of real estate, two of the 105 sessions presented, explained and commented with approximately 500 participants: (1) Technology &Housing Dynamics and (2) Big Data & Urban Dynamics: