The UK estate agent market is experiencing an impact, from the growth of smart homes. From 2023 to 2032 it is expected to have a compound growth rate (CAGR) of 21.88%. This surge in demand can be attributed to factors, including the affordability of home technology, the increasing desire for convenience and security and the greater awareness of the environmental advantages that come with smart homes.
Buyers are actively seeking homes that come equipped with features considering them as investments. Smart homes are perceived as energy efficient, secure and convenient compared to homes. As a result, they tend to command prices in the market.
A recent survey conducted by the National Association of Estate Agents (NAEA) revealed some insights. It found that 57% of buyers are willing to pay extra for a home with features. Additionally, 72% believe that smart homes offer security than their counterparts while 68% believe they are more energy efficient.
With this growing demand for homes comes opportunities, for estate agents. Those who can effectively market and sell these types of properties will be well positioned for success in the years.
As an agent it’s crucial to stay updated on the advancements, in home technology and effectively communicate the advantages of smart homes to potential buyers.
Pilkington Estates is a real estate agency in the UK that specialises in selling and renting homes. Our team comprises agents who possess knowledge about smart home technology. They are readily available to assist you in finding the home that suits your requirements. Additionally, we offer a range of services to facilitate the sale or rental process of your home including;
- Conducting market analysis and providing price estimation.
- Assisting with home staging and effective marketing strategies.
- Negotiation and closing techniques.
- Providing post sale support.
If you’re searching for a home in the Devon or Cornwall UK reach out to Pilkington Estates today. We are committed to helping you find a home that matches both your needs and budget.
Let’s explore some of the benefits driving demand for homes in the UK real estate market;
- Convenience; Smart homes allow effortless control through voice commands or smartphone apps enabling management of lights thermostats or door locks. This convenience is particularly valuable for families or individuals, with disabilities.
- Security; Equipped with security systems smart homes can actively monitor for break ins or other security issues.
Smart homes have the added advantage of allowing control, over lights and thermostats providing the illusion of occupancy when you’re away. One of the benefits is their energy efficiency. By turning off lights and appliances when not in use homeowners can save an amount on their energy bills. Additionally smart homes contribute to wellbeing by reducing energy consumption and pollution. They can even generate their power from sources like solar and wind energy.
If you’re considering buying or selling a home in the UK it’s worth exploring the advantages of opting for a home. Their increasing popularity allows them to command prices on the market while offering conveniences enhanced security measures and improved energy efficiency.
We are ecstatic to announce that we have just won the 2023 British Property Awards, crowning us the BEST Estate Agent in Plymouth (PL1-PL3)! This prestigious recognition comes after months of extensive judging from an independent panel of judges. We are proud to have been recognised for our commitment to providing excellent customer service and our expertise in the local property market.
To learn more about homes and how they can cater to your needs feel free to get in touch, with Pilkington Estates today. We specialise in assisting with the sale and rental of homes. Are committed to finding you the perfect home solution.