A growing number of property developers are using AI to support their business, according to new research from Shawbrook.

Some 59% of developers report already using AI to support their business and 57% intend to utilise AI to a larger extent going forwards. The same percentage agree that AI and technology will transform the way they sell and market their developments in the future.

Terry Woodley, managing director of development finance at Shawbrook, said: “Developers have time and time again proven themselves to be agile and adaptive in the face of tough and fast evolving market challenges. It’s no surprise to see developers increasingly making use of AI and wider technology, and shifting their priorities, to optimise business performance – and this will without doubt only become more commonplace as everyone tries to get ahead of the curve and get an edge on competitors.”