The future of traditional real estate skills for virtual land buys is questioned, China’s property sector might experience policy easing, U.S. commercial real estate sales set records in 2021, and more.
- As the platforms and business case for virtual land buys mature, the future of traditional real estate skills remains unclear when it comes to managing virtual ownership and development. (Patrick Sisson, Bisnow)
- China’s real estate sector is likely to see “significant easing” in the policies that govern it after stricter financing rules for property development set in 2020 were met with debt, causing a contraction in the market. (Reuters)
- Real estate technology growth skyrocketed in 2021 with nearly $21 billion invested in the sector, and this is projected to be only the start, with the built world poised for significant transformation throughout the decade. (Kunal Lunawat, Crunchbase News)
- President Biden’s Infrastructure Investment and Jobs Act will have wide-ranging sustainability implications, most notably on carbon capture infrastructure, alternative energy sources, technologies, and electric vehicle infrastructure. (National Law Review)
- Commercial real estate property sales hit an all-time high in 2021, with buyers gravitating largely toward warehouses, apartment buildings, and on U.S. growth shifting to the Sunbelt. (Peter Grant, The Wall Street Journal)