Monaco, synonymous with prestige and elegance, is also at the cutting edge of innovation.The sector of real estate, pillar of the monegasque economy is no exception. The new technologies profoundly transform the way we conceive, buy and live in our homes. Discover how Monaco, land of choice of the most beautiful residences, integrates these innovations to offer a unique experience.
Home automation revolutionized our day to day life, offering an unparalleled level of comfort and practicality.But you might be wondering : What is home automation? It is simply all the technologies that make it possible for your house to be more more intelligent and more comfortable. In other words, it is the automation of your home systems. By automatically adjusting the heating, climatisation and lighting depending on your habits, it optimizes your daily consumption while creating personalized ambiances for each moment of the day.
Moreover, the integrated security systems give you peace of mind by allowing you to monitor your home from a distance. Thanks to its intuitive interface, home automation is accessible to everyone, making life simpler and more pleasant.
The Odeon Tower in Monaco, famous for its 49 floors and 170 meters high by also for its advanced home automation systems that offer its residents a unique and personalized lifestyle. Indeed, each apartment of this famous building is equipped with a custom made home automation system, allowing residents to control and automate multiple functions : lighting, temperature, roller shutters, multimedia system, etc. The inhabitants are then able to create personalized ambiances for each room and each moment of the day. In addition to the Odeon Tower, Monaco boasts multiple other prestige residences equipped with sophisticated home automation systems.
The One Monte-Carlo: This luxurious residential complex, located in the heart of Monaco, offers apartments equipped with state of the art systems.
The Larvotto residences: Numerous recent real estate programs in the Larvotto neighborhood integrate home automation systems to answer the needs of a demanding clientele.
The Carré d'Or residences: Located in the heart of Monaco, the Carré d'Or boasts numerous prestige residences equipped with technological installations. These residences offer an exceptional lifestyle and a privileged access to shops and luxury restaurants..
The Fontvieille residences: This neighborhood in full bloom offers new residences equipped with state of the art systems as well.
Artificial intelligence (IA) is currently profoundly shaking up the real estate sector, and Monaco is in the front row.
Indeed, the Principality, known for its luxe and innovation, is an ideal playground for the latest technologies.
Tuesday, March 12, 2024 during the 3rd edition of the Proptech conference, the Interministerial Delegate for Attractiveness and Digital Transition declared : « The sector of real estate lives a true strategical mutation with the interruption of the numeric and more recently of artificial intelligence. To accompany this major change, the Government, in collaboration with the Monaco Economic Board the different chambers and the ESCP, our academic partner, wishes to make Monaco a European center of technology applied to real estate, the PropTech ».
Indeed, artificial intelligence (IA) is transforming the real estate sector, and here are just a few examples:
Estimation of real estate properties
IA makes it possible to evaluate with great precision the value of a property by analyzing a multitude of data : localisation, area, state, equipment, market trends, etc.
Machine learning algorithms are capable of detecting trends and making predictions about price trends.
Personalization of the client experience
Thanks to IA, real estate agencies can offer custom made offers to their clients depending on their preferences and history search.The chatbots and virtual assistant enables us to answer the clients questions in real time and to guide them in their research.
Optimization of the property managing
It facilitates the management of real estate properties by automatizing numerous tasks, such as rent setting, contracts management, property maintenance, etc. The predictive algorithms allow us to anticipate the maintenance needs and avoid malfunction. Intelligent real estate marketingIt allows them to target potential buyers in a precise and effective way.The publicity campaigns can be personalized according to the interests and behavior of users.
Immersive virtual tours
Thanks to IA, virtual tours are even more realistic and interactives. The potential buyers can visit a property from a distance, like if they were really there..We will talk more about this subject in another article !
According to multiple real estate developers in Monaco the following tendencies should be confirmed in the years to come :
Durability: The buildings will become more eco-friendly, integrating technologies to reduce their energy consumption and their environmental impact.
Connectivity: The accommodations will become even more connected, allowing residents to control their environment from a distance and to benefit from personalized services.
Personalization: The buyers will start looking for custom made properties even more, tailored to their specific needs.
Just as seen previously, in Monaco, home automation is very common in luxurious residences and IA reinforces even more the fonctionnalités of these systems and the personalization of lifestyles.
The new technologies offer promising perspectives for the real estate sector in Monaco.
Like Diego Bonaventura said during his interview for the Observateur de Monaco, “Real estate is a strategic sector that always needs to reinvent itself to answer the issues of tomorrow and the needs of a clientele in mutation. For a few years, the digital world has profoundly changed the way to finance, build, or manage and occupy a property. It then offers new perspectives to the value chain entirely : the architects, the promoters, the construction companies or even the realtors. It is undeniable that the real estate sector has everything to gain from the digital. In the industry, this is known as Proptech. This new tendency is the transformation of the real estate sector by new technologies.”
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