Digital real estate: a review of the technologies and tools transforming the industry and society

Abstract

Real estate plays a crucial role in driving national economies. However, the process of transferring properties and engaging with various stakeholders can be hindered by a lack of adequate information, complex procedures, and excessive paperwork. The advent of digital real estate has revolutionized the industry and how stakeholders interact. The present study aims to conduct a bibliometric and systematic review of digital real estate, utilizing historical, institutional, country, and keyword analyses for the bibliometric review and Preferred Reporting Items for Systematic Reviews and Meta-Analysis (PRISMA) guidelines for the systematic review. Through thematic analysis, the study identified four key themes for transforming digital real estate: information communication technologies, data collection technologies, data networking tools, and digital decision-making systems. Additionally, the study proposes a digital real estate transformation framework that can assist stakeholders, urban planners, and decision-makers in embracing digital tools and technologies. The study concludes that digital real estate has the potential to revolutionize future urban planning and real estate development through the use of decision support systems and advanced technologies.