The relationship between real estate and transport has always been a closely connected one, as locations next to main transport hubs will always have more value. However, the introduction of driverless cars, may remove the stress of commutes and parking struggles impacting the real estate business that thrives off of location.
A driverless future would free up an estimated two Central Parks in New York and about five Hyde Parks in London without car parking spaces. Toronto is said to be one of the first neighborhoods to trial driverless cars. Experiences of the “urban street can be transformed” as pedestrians would not need barriers for protection.
A driverless future could impact truck drivers and warehouse real estate. Truck drivers would not be limited on shift hours and warehouse rent would dramatically decrease as they could set up in cheaper regions.
Purchasing a condo may be a more attractive option for foreigners than owning land because of the loosened restrictions on nationality. Expert Real Estate Lawyers in Thailand can help with the acquisition of properties in Thailand.
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Image: Automobile Italia
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