Majority of Property Developers Use AI to Shape Projects, Shawbrook Reports

Artificial intelligence (AI) is increasingly transforming the real estate and legal sectors by enhancing efficiency, reducing costs, and providing more tailored services. In real estate, startups like Ridley are using AI to disrupt traditional commission models by offering flat-fee services and AI-guided tools to sellers, resulting in significant savings on commissions. Property developers are also adopting AI to better understand market trends, diversify investments, and meet sustainability demands, while platforms like Realie leverage AI to deliver accurate, real-time property valuations and market analytics to investors and homebuyers. In the legal realm, AI is being integrated into estate planning and wealth management practices to streamline document drafting, risk assessment, and personalized advice, though attorneys must carefully balance innovation with ethical and legal responsibilities. Additionally, the legal profession, including in regions like Cyprus, is embracing AI for research and compliance, emphasizing the need for responsible adoption that respects client protection and legal standards. Overall, AI's role in these fields highlights a shift towards technology-driven solutions that optimize decision-making and client service.