What trends can the industry expect to emerge after the immense disruptions of the last year? What challenges lie ahead and what tools will real estate professionals need to tackle them? To find out, Drooms conducted research among European real estate professionals.
As pressure on margins and demand for greater transparency among stakeholders continues to rise, so does the need for firms to evolve and modernise fast to stand out from the competition.
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There is no denying that data is key to effective decision-making. As part of its offering, Drooms users can centralise important files and folders in one place and leverage powerful tools to extract critical information quickly.
The COVID-19 crisis exposed the lack of investment in process digitisation and automation across multiple industry sectors, and real estate was no exception. Those organisations that had already implemented digital technologies for processes such as due diligence were in a better position to deal with remote working and closed offices than those still reliant on manual approaches.
It is only a matter of weeks before the General Data Protection Regulation (GDPR) comes into full force. Until now businesses have been spoilt for choice with the variety of cloud service providers on the market, but as the deadline for compliance to the GDPR looms, they will have a further obligation under the regulation: to vet their current providers and designate only reliable partners for data processing activities.
Regional governments and global institutions have been focusing on controlling the impact of bad debt on banks’ balance sheets for some time now. With the COVID-19 outbreak pushing debt levels higher, buyers and sellers must approach and manage nonperforming loans (NPLs) with care.
Enterprises shift to digital in the wake of the COVID-19 pandemic.
Navigating corporate restructuring or bankruptcy is challenging particularly during times of economic uncertainty and market volatility.
