Welcome to the future of renting
You know the drill: that scrabble to secure a room in a slightly mouldy flat, where you hope your prospective flatmates don’t have a penchant for doom metal, keep exotic pets or have an extremely high tolerance of dirt.
Renting is one of the great inevitabilities of life in our heaving metropolis. But advances in tech, ambitious London-based start-ups and changes in consumer demand are altering the process of renting to such an extent that it could be entirely different in ten years’ time. Here are just some of the changes in motion which are set to shift the way we live.
Virtual estate agents
‘I think we will see change at every single point in the process, particularly as the use of artificial intelligence becomes more widespread,’ says Alex Sullivan, an entrepreneur who has founded Ems, a property-finding app.
In the future, virtual estate agents will use more intelligent search functions to show renters options that they might not have considered. Perhaps you’ve started your search in Brixton, because you like the area, its bars, restaurants, entertainment options and general vibe, and it’s on the Victoria line? Property search engines of the future will show you houses in, say, Walthamstow too. Essentially, it will know what you want before you do.
Sounds futuristic? It’s not. ‘Netflix and Spotify can make suggestions about what I want to watch or listen to, Instagram uses an algorithm to show me the things I’m most interested in. It’s quite subtle but it makes a massiv