How unmanned cars will change the real estate and land market

After the final improvements of autonomous control systems and approval, their use, completely unmanned cars will begin to gradually displace traditional. They will not only be able to increase the level of safety of motion, but also influence various areas of the economy. In the material, we considered how autonomous vehicles would affect infrastructure, real estate assessment and land use.

We all have seen the recent headlines on accidents with the participation of self-propelled cars, which caused a lot of criticism, revise manufacturers of release terms and doubts by the authorities. However, the truth is that unmanned cars (BA) are much safer than those controlled by people. According to statistics, approximately 94% of the accident occur due to human fault. Therefore, after refining sensors of autonomous systems, independent vehicles will gradually begin to fill the roads.

Their appearance will require some changes in the infrastructure and rules of movement. This is due to the fact that in some cases (strong fog or intensive sunlight), the BA sensors still cannot recognize some things that we consider speculating, for example, emergency or stop signals. Although scientists have already invented the material for this

Perhaps individual suburban bands will be set specifically for the movement of unmanned vehicles or they will move in virtual corridors of a different type to avoid «mixing» with controlled car drivers.

You will also have to reconsider some transport taxes and fees for infrastructure content. The auto future will switch to electrical or hybrid engines, which means that fuel consumption and budget flow will decrease. However, since the vehicles will continue to use passage parts, probably even more intensively, then you will need a new system to finance the replacement and modernization of the infrastructure.

For residents of densely populated areas, a serious problem is a shortage of housing and free areas for building. The development of technology can have a significant impact on this market. The concept is that as a result of the distribution of unmanned electric vehicles,

Reducing the number of vehicles and their owners will reduce road workload, will make part of refueling stations, parking, dealer salons. The released space can be used to build a new housing or to remove under green plantings.

Changes will affect and residential real estate. Part of the garages will no longer be needed, they can also be converted to storage facilities, additional rooms or guest premises.

The main items of construction estimates are building materials and labor payments. The cost includes the cost of transportation that are planned in advance and include costs for the delivery of materials, equipment, personnel. Often they are calculated on special coefficients, but actual indicators may differ significantly from the laid.

Unmanned cars will lead to a reduction in these costs through the automation of planning, improving logistics, refusal of drivers (savings on their wages) and simplifying the organization of continuous delivery.

In addition, a decrease in the total number of vehicles will cause a reduction in the number of parking spaces in buildings and high-rise buildings. In addition to the fact that existing standards force the designers as compactly «packaging» the space as compactly, they can provoke delays in the construction process or jeopardize the implementation of the entire project.

The construction of one parking space can now manage the developer in tens of thousands of dollars, which increases the estimate cost of the building, and respectively the price of apartments, premises and leases. Therefore, such changes are beneficial to all parties.

Although it is still early to predict, as specifically the spread of autonomous vehicles will affect the real estate market, but the technology will certainly lead to a partial revaluation of the attractiveness of residential areas. This will change both the primary cost of real estate and the conditions for further operation.

Now residents of large cities have to choose between more expensive housing closer to work and daily long trips from remote areas with a more affordable pricing policy. However, having access to autonomous transport, people will start less think about the duration of the path, as they can use this time for something useful. For example, check email, prepare for the presentation, report, explore

Such changes will lead to a decrease in the value of housing in the central regions of the city, since homes located near public transport and jobs will lose their basic market advantages.

Of course, it will take time for the full transition to unmanned transport systems and formation