Increasingly, property is seeing the integration of technology on an ever-expanding scale. With potential occupiers no longer being quite as satisfied by the mere bricks, mortar and location offered by a property, the demand for technological integration in properties is on the rise. As such, the expectations for technology to play a greater role in influencing the leasing, renting and buying properties, the time for developers to step up on the technological front is nigh, as can be seen in KMPG’s latest report.

In the report by KMPG’s, predictions have been made as to how the sector will be in some 20 years’ time. Of the results shown, the most noteworthy aspect is the key role in which the level of technology and management processes behind the scenes of properties will come to play in the coming times. At the same time, fortunately, it has also being predicted that technology companies will also be able to deliver this more effectively in the future too.

A concept not yet fully integrated in the UK property sector, one of the key areas highlighted by Tudor Aw, KMPG’s Head of Technology, will not only be the hardware associated with a property, but also the software. With the operating system of a property itself predicted to see as important a role as it does on the common smartphone, it is even expected that the modern property’s operating system may even see updates every few weeks.

Of course, the move towards technology-led buildings may also see a change in the vary nature of how properties may be managed, paid for and even handled as a concept. In fact, Aw highlights the possibility as to whether the business model may see a move towards property developers actually “owning” customers, yet then, in return providing low-cost homes which are then supported by a whole host of technological benefits and possibilities.