Digitalization of Real Estate: Case of Latvia

Abstract:

The paper describes the aspects of digitalization and makes sense of existing practices that change business and everyday life. The scale of the introduction of digital technologies in the real estate market at the local level is also examined using the example of Latvia. The study of the introduction of digital technologies in the real estate market was carried out using several methods. Based on the results of the interview, collection of expert assessments and field studies of participants in the real estate market of Latvia, the authors presented the results on the degree of introduction of digital technologies in the field of real estate market. The overall result of the study is that almost all stages of the life cycle of a real estate object are currently targeted by information technology and create a new ecosystem of the real estate market.