Questions and Answers

BluPeak & BluPeak Estate Analytics

BluPeak’s Estate Analytics Management service represents one of the most revolutionary approaches using innovative methods for making substantial decisions in the real estate and investment industry at both individual and corporate levels.

It serves as a modern tool in the field, under the umbrella of Decision Support Systems, guiding investors in formulating the appropriate strategy for managing their real estate portfolio by introducing relevant information.

BluPeak Estate Analytics Management is not just a financial tool directing financial operations; it is a dynamic tool for analyzing and calculating the multiple risks associated with the structured and unstructured problems related to the real estate market. It serves as a marketing and strategic tool that aids in customer engagement and relationship development. Our Methodological approach that analyses external factors (real estate market) and internal environments (investors and investment company), contributes to the formation of corporate, business, and strategic marketing strategies.

The data utilized for analysis aid in crafting unique solutions concerning real estate portfolio management, unveiling products and services for real estate market development. The data shape the strategy for penetrating the real estate market, determining the strategic direction, segmentation, targeting, and positioning in the market to create a compelling value proposition. The detailed approach of BluPeak builds the pillars of the communicative strategy of the investment firm/organization in the market, conveying the identity and utility of the overall real estate product, contributing to the achievement of Brand equity for the product and services.

The creation and composition of BluPeak’s analysis is a product of the modular structure of the platform that accepts, aligns, compares, contrasts, and synthesizes the sequence of data in producing reports that assist in decision-making and shaping the appropriate management strategy for the real estate portfolio, whether individually or comprehensively.

The analysis of the generated data assists real estate project managers in designing, organizing, implementing, supervising, and controlling the strategic achievement of their goals.

Our reports and analysis make the evaluation of your real estate portfolio an easy task through data analysis, data management, and visualization.

The multidimensional approach aims to ensure:

● Effective real estate project management
● Identifying well-researched cost estimates
● Achieving optimal performance through the improvement of a holistic and comprehensive strategy
● Establishing vigilance and close monitoring
● Providing immediate access to the real estate portfolio
● Creating conditions for better business decisions
● Increasing and improving the value of your real estate portfolio
● Contributing to the better management of your business

    Questions and Answers

    What is the role of real estate digitization?

    The complete digitization of the real estate portfolio, the creation of a top registry, the analysis of areas hosting properties, and the involvement of macroeconomic assessment factors significantly contribute to the formulation of a substantial analysis for better decision-making.
    Data Management, Data Analytics, and Data Visualization play a crucial role in understanding the analytical report for decision-making related to real estate portfolio management.
    The comprehensive recording of property details (permits, topographic data, contracts, energy certificates, 3D property visualization, etc.), in a simple and fully processable format, in collaboration with existing software or CRM systems, can create the quantitative and qualitative DNA (metaphorically) of properties. These capabilities allow the creation and documentation of market trends and the depiction of cases that will form the basis for further analysis and the development of an effective strategy.
    Overall, digitization in the real estate market can contribute to the accurate estimation of property values, identification of existing investment opportunities, prediction and mitigation of risks, and ultimately, the optimization of property management and better customer service. Of course, it can significantly contribute to the faster transfer of properties, addressing a challenge that has burdened buyers and sellers for many years.

    What are the modern trends in REIC’s investments?

    The activity in the real estate market is intense, with increased demand from both locals and, especially, foreign buyers. Significant activity is also observed from discerning property users, as large companies set high standards, requiring quality spaces that meet environmental criteria.

    Unmet demand from buyers/tenants, lack of quality properties, focus on green buildings, comparatively attractive returns, opportunities arising from active management of non-performing loans, and increased inflows of foreign investment capital into the country create conditions for development.

    Companies and stakeholders in the industry are now consistently in an environment of changing conditions.

    The outlined trends are numerous and derive from the following conditions:

    1) Technology in property management is a significant factor.

    New technological advancements such as IoT, Big Data, GIS, AI, and Machine Learning are now available and continuously evolving, providing access to increasingly more data.

    2) Sustainability criteria and increasing requirements for zero emissions reshape the real estate environment.

    3) Increased demand for innovative solutions across the entire value chain, with emphasis on areas such as energy consumption, circular economy, off-site construction, and workforce mobility, are key factors.

    4) Reduction in energy consumption. Institutional investors and investment companies now target real estate investments with low environmental footprint.

    5) The triptych of real estate management reality: Resilience, sustainability, practicality. This is the triptych of the new era of real estate.

    6) Biodiversity by 2030, where it is stated that the real estate sector is one of the largest energy consumers in Europe and accounts for more than one-third of EU greenhouse gas emissions.

    7) Renovation of properties dominates across the EU, aiming to contribute to the necessary contribution of the construction sector to achieving a fair green transition.

    8) Components of property value = energy consumption = building value (increase).

    In terms of the value of these properties, market analysts estimate that for every euro saved through reduced energy consumption, the reasonable value of the building increases accordingly.

    Considered conditions:

    ● Creation of smart cities
    ● Use of environmentally friendly materials
    ● Fortification of properties against extreme weather conditions and features that will help people live and work in them. Properties suitable for the elderly.
    ● Control of theocracy, security, and lighting.
    ● Consumer awareness of environmental health issues
    ● Extensive use of “green” colours and industrial items
    ● Use of energy-efficient and sustainable design products, such as solar panels.

    New technological innovations will have a significant impact on property design in the next decade.

    How do these investments contribute to the development of the real estate market and the renewal of the building stock?

    For these investments to become financially viable for participants, public entities must collaborate with private real estate investors to streamline zoning and provide the right financial incentives to entice redevelopment. Such collaboration can increase the real estate inventory, modernize facilities, and revitalize the real estate industry and market.
    The long-term strategic mobilization of investments for the renovation of residential and commercial buildings, both public and private, within the national building stock, is a macroeconomic consideration.
    The emphasis on Building Energy Efficiency (BEE – 2010/31/EU) highlights the importance of energy upgrading the building stock, consisting of residential and commercial buildings, both public and private. The goal is to transform it into high-energy performance and carbon-neutral building stock by 2050, facilitating the economically efficient conversion of existing buildings into nearly zero-energy buildings.
    The Strategic Renovation of the Building Stock is an urgent task and a necessity for maintaining utility.

    What are the current obstacles faced by REICs, and what improvements can be made?

    1) The performance of property management requires a significant amount of time to demonstrate tangible benefits and ROI.

    2) In 2023, construction activity is declining sharply. However, three significant obstacles dominate the real estate market. The increase in construction costs (cumulatively rising by over 60% in recent years), the rise in financial costs due to increasing interest rates, and the lack of experienced labour force.

    Factors partially offsetting this negative conjunction include the “increase in rents, the utilization of resources from the Recovery Fund that has retained interest rates for the net cost, and value engineering, which translates into better research of constructors, applications, and solutions.

    What incentives can be provided, especially in the tax framework? Proposals for the development of the market?

    1) Establishing a stable tax and legislative framework

    2) Increasing government subsidies for energy upgrades

    3) Long-term VAT suspension (7 years)

    4) Reduction of fees for Golden Visa issuance but with stricter selection criteria

    5) Private sector participation and collaboration in shaping the legislative framework

    6) Simplification of existing legislation and the new building code (NOK)

    7) Establishing stable energy efficiency regulations

    8) Reducing bureaucracy

    The future of real estate should not only be considered as an investment but also involves housing, land use, and urban planning. As we enter the third decade of the 21st century, the future of real estate is a crucial factor for development.

    The future of real estate looks promising as technology continues to play a significant role in the industry. From facilitating property searches to automating certain business functions and eliminating some of the hidden costs of property ownership, real estate management can contribute significantly to sustainable development.

    The Future of the Real Estate Market

    The real estate market is expected to undergo changes based on the purchasing behaviour of millennials, who will constitute a new wave of buyers.

    The Urban Land Institute’s report indicates that millennials are beginning to enter the real estate market with an emphasis on suburban locations. Although developments in suburban homes are not new, the real estate market may witness exciting changes in these locations. It has been observed that millennial homebuyers are more interested in neighbourhoods that are walkable and close to community resources. Suburban areas can represent new markets for mixed-use and retail spaces, providing a good opportunity for investors looking to enter the commercial sector.

    Investors in real estate may encounter renters of all ages seeking more amenities in metropolitan areas. Parking and waste collection can positively contribute to the current market.

    Luxury properties are expected to become more popular in the future. This is because inventory (especially luxury homes) will increase as the demand for housing grows to accommodate buyers. Investors will see the highest increases in locations such as the northern and southern suburbs, as well as traditionally aristocratic areas in the city center.

    Lastly, green building techniques and environmentally friendly housing amenities are likely to become more widespread, promising prospects for all real estate agents.

    The future of the real estate market holds some interesting adaptations. Investors should monitor their individual needs to determine if they will capitalize on emerging trends.

    Gaining information about the future of real estate from experienced investors is one of the best methods for studying and shaping individual or corporate strategies in the real estate market. Those investing for ten or more years have witnessed and adapted to changes in the real estate market over time. In many cases, these investors have improved their ability to predict where the real estate market may be heading.

    Many industry consultants have stated that the arrival and increasing popularity of cryptocurrencies and blockchain will significantly impact real estate transactions in the future. Due to technology, access to specific transaction networks will influence the dynamics and timelines of real estate transactions.

    Furthermore, the real estate sector will become excessively digital, competitive, and more professional.

    Investors need to focus on research, education, and guidance to adapt and evolve with key players in the industry. Although there is still much to learn about the future of the real estate market, investors can develop their professional judgement and take action when necessary, continually experimenting with new ideas.

    Emerging technologies, interactions between buyers and agents, and changing demographic elements of property owners will influence future trends in real estate. To succeed, property investors must develop the ability to bring innovation to this environment. The real estate market is changing significantly due to new technologies that will make buyers more informed and enable the participation of new age groups in the real estate transaction arena. Professional forecasts indicate drastic changes in the market’s future.

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