Technology is advancing at an exponential rate. We have already seen technologies which were once at the forefront of innovation quickly become out of touch if they did not continually evolve to remain ahead of the tech curve. Who would have thought ten years ago the rise of the smartphone would make the iPod obsolete?
In many ways the planning system has done a good job: trying to balance competing demands for scarce resources and mediating between economic forces and the views of local communities. And, over the years, it has proved remarkably resilient.
The growth of proptech has allowed for an incredible shift from an opaque industry to a transparent and accessible one, giving the power back to the renter and landlord while loosening the stronghold estate agents have over buyers and sellers
Why? The simple fact is that consumers are more likely to trust established names with what will likely be the largest transaction of their lives. This might change for some segments of the market, but it is difficult to see it changing the whole market.