BIM adoption in UK building-construction technology market
In the United Kingdom, the history of adopting Building Information Modeling has been started with the Government construction strategy in May 2011 which included a target of BIM Level 2 ( managed 3D environment with data that is created in sperate models) adoption in all the upcoming governmental projects. The new policy stated that the government will require fully collaborative 3D BIM with all the projects as a minimum by 2016. This step led to an overall increase in BIM adoption in either the public or private sector. In March 2016 the government announced that they are budgeting to upgrade from BIM level 2 into level 3(a single online model that includes schedule, cost and project management information). And by reaching 2017 it was reported in a survey made by a big construction firm that 62% of surveyed participants used BIM system. From 2017 to 2019 UK is moving with steady steps towards more BIM adoption that will bring more profits to the construction industry as increasing productivity, data management, enhancing smaller business to rise using this new system, better accuracy and lower defect percentage in all the projects. These benefits increase the efficiency in all the construction sector and help the UK to be one of the leading markets in this industry. In this article, we will let you know why the new construction technology is leading the future of UK’s real estate sector and what the future predictions in this industry are?
Construction Engineering Technology Leading the Future of UK Industry
The UK is one of the central markets for prop tech technology since its evolution. Despite most of the industry markets that have been affected with Brexit, UK Proptech market has succeeded to maintain a temperate level of quality with the least negative effects. The reason is that the new PropTech solutions are working on solving a lot of UK property problems. It is becoming a major need to cope up with the whole industry to adopt new technologies so you can prove your presence in such a fast pace race.
On the top of the cities with PropTech technology, of course, it’s London followed by Manchester, and Birmingham with Cambridge are sharing the third place together. According to unissu report, UK seemed to adopt more B2B (business to business ) PropTech solutions more of the B2C (business to customer) one by almost 28%. Also, worth mentioning that most of UK Proptech users tend to use it in managing their properties in the first place and then to sell, buy, rent or build it.
5 UK Construction Innovations that are formulating the change
Digital transformation is essential for all businesses in the real estate sector. The UK has been one of the leading voices in this space, but things are moving fast so there is a lot of work that remains to be done.” Said by Andy Pyle, KPMG in the British Property Federation report. That’s why Britain has made a digital transformation in the real estate sector and supported new innovational startup and tools. The list of technologies in the UK real estate market included:
Automated valuation model (AVM): Automated property valuation is a service that provides real estate property valuation based on mathematical modeling. This tool basically depends on the valuation of the property at a specific time with a comparison with similar properties in the same region and value.
Drones: The role of using drones in the construction and real estate sector is increasing. They contribute now in site work monitoring, surveyors and property marketing.
Offsite manufacturing: Construction is now seeing rapid adoption of site manufacturing to minimize the time spent, cost and increase quality at the same time
Autonomous vehicles: UK is supporting the self-driving cars trials. They have started creating the infrastructure needed for them as code of practice and insurance. This installment will have a substantial impact on the whole city urban design and real estate market.
Construction engineering project management software: Engineering project management tools as PlanRadar are formulating the new era of management in the construction industry. You now have a tool that can gather all your team members at one platform, beside the easier defect tracking method. It’s saving up to 7 working hours per week and supporting currently more than 20,000 users. After PlanRadar’s overwhelming success in DACH countries (Germany, Austria and Switzerland), it has opened now a branch in London for the UK market and making a significant boost.
PropTech Future Market Prediction for 2019 in the United Kingdom
After knowing why and how construction engineering technology and property management combined together are changing the market in the UK, we bring you 2019 predictions for what will be the most trending in PropTech industry:
Encouraging startup: 2019 is bringing investment growth in the PropTech sector startups. New developed solutions are offered now every day that enhance the construction output and increase the efficiency of the project. These solutions are mostly offered by new startups with creative and innovative ideas which increase the amount of fund in the startup market more than the traditional marketplace.
Digital connectivity: One of the most challenges that is involved in all the construction and real estate operations is the connection between different users and even team members. This year is carrying a lot of new tools that make a real-time digital transformation in connectivity as the 5G network technology.
Smart Apps breakthrough: Smart app is a major umbrella that ties smart cities, smart homes, smart buildings, smart transportation type of installment. Also, in real estate, smart apps aim to make the tenant searching and finding the needed property easier.
Space As a service: Space as a service is basically relating to the commercial real estate sector where it formulates a new business model with flexible, sharable office spaces offered to each one according to his type of business and needed hours. This model allows mostly freelancers and young professional to have their own space and fixtures in the heart of the city with the lowest price.
Last, the UK business industry in the PropTech and technology sector is booming, and all the predictions promise for a better and more digital transformed system in 2019.