Asian Journal of Economics, Business and Accounting

The traditional UK real estate industry is undergoing a significant digital transformation driven by innovations such as artificial intelligence, machine learning, blockchain, and virtual reality. This digital shift has enhanced operational efficiency, transparency, and customer satisfaction. However, it also presents challenges, including stakeholder resistance to change and heightened cybersecurity risks. In such a competitive sector, strategic approaches that align with market demands and regulatory compliance are essential.

This study evaluates digital transformation strategies in the United Kingdom’s real estate sector using a systematic literature review (SLR) approach. Relevant peer-reviewed studies were retrieved from Google Scholar and Taylor & Francis Online using key terms such as “digital transformation,” “real estate,” and “UK,” alongside specific technologies like blockchain and the Internet of Things. The research relies on secondary data and adheres to ethical standards while providing evidence-based recommendations to balance technological advancement with consumer protection and industry growth.

Findings reveal that the sector has widely adopted technologies such as Building Information Modelling (BIM) and Geographic Information Systems (GIS) to reduce collaboration errors and improve project outcomes. Digital tools have automated lease administration, rent collection, and maintenance scheduling, saving time and reducing human error. Nonetheless, challenges remain, particularly the high costs of technology adoption, training, and integration with legacy systems. Digital transformation has also democratized property information, intensifying competition as 82% of homebuyers now rely on online portals. The study concludes that strategic investment, interoperability, updated cybersecurity measures, and continuous employee training are critical to maximizing the benefits of digital transformation in the UK real estate industry.