The impact of digitalisation on the real estate market dynamics
Promotors: Lara Schrijver, Theo Dounas, Eleni Papadonikolaki(TU Delft)
The integration of new digital technologies has great potential to transform real estate trading dynamics. Platforms with decentralized technologies, such as blockchain, are reshaping how real estate is traded, rented and managed. Through cryptographically secured transactions, blockchain technology plays a pivotal role in fostering transparency, efficiency, and accountability in real estate by minimizing transaction costs and eliminating intermediaries and fraud. Consequently, the research seeks to answer two important questions:
1) What is the role of digital technologies in real estate market dynamics, particularly blockchain?
2) How do increased trading frequencies and new trade methods influence what is traded, and how are supply and demand matched?
Firstly, the project aims to identify opportunities for online platforms to support real estate transactions through blockchain technology, including the tokenization of properties, integration of smart contracts, and use of NFTs.
Secondly, the project will focus on developing models for fractional ownership through crowdfunding, enabling younger generations to invest in real estate with lower capital due to higher living costs.
Thirdly, the implications of blockchain on real estate and its potential to drive business model innovation will be explored.
This research is part of the QuiVal Project, funded by the European Union’s Horizon Europe research and innovation programme under the Marie Skłodowska-Curie grant.
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