London Property: What To Expect In 2021

London is one city with a truly rich history in terms of architecture and property development. From Baroque to contemporary architecture and everything in between, property development trends in London never stay in one place for very long.

Properties and buildings have evolved over time, influenced by culture and the technological advancements of the building industry, amongst other things.

In 2021, we are set to witness yet another shift in London property trends – an increase in the number of smart homes.

What is a Smart Home?

Smart homes use a network of internet-enabled devices to allow or enhance functions such as remote monitoring and control of the home’s devices and systems. Smart home technology is very diverse and is geared towards several goals e.g. saving energy, providing homeowners with comfort and convenience, improving security, decreasing waste, etc.

Initially, smart homes were limited to the wealthy. But, technological advancements have made certain features of smart homes affordable for even the average homeowner. As such, many homes today can be considered smart. Just think of how increasingly commonplace devices like voice automated light bulbs and speakers, alarm systems, smart TVs, etc., are becoming. But the future holds a lot more for smart homes.

The ideal smart home will not just be one that can be remotely controlled and monitored or responsive to its owner. It will be able to learn about its owner and predict future needs. Imagine waking up in the morning and getting into the shower. The spray of water that hits you is the exact temperature that you like because the devices in your house are aware of your morning routine and preferences. They preheated the water for you right before your usual waking time. Imagine your fridge automatically detecting a low stock and sending out an order for more groceries based on your history and preferences. Whilst the possibility of such an ideal smart home may take some time to materialize, there are some features you can expect to be very common in smart homes soon.

3 Features to Expect in Smart Homes in 2021

By 2021, there is to be a predicted five-fold increase in the amount of smart home technological units sold. Although there is no way to certainly predict the future, going by current trends and advancements, we expect most smart homes to have certain features in a year to come at most:

  1. Smart Thermostats

Basic thermostats, the ones that you program and set your desired temperature on with physical buttons only while you are physically present, are going out of trend. In the year 2015, the Compound Annual Growth Rate (CAGR) of smart thermostats was 125% with the total market size predicted to reach $4.7 billion by 2021.

Smart thermostats are WiFi-integrated and allow you to check, schedule, and control the temperatures of your home remotely. They also have the ability to learn your behaviour and modify settings based on your preferences.

  1. Smart Lighting

Just like smart thermostats, smart lighting systems can be controlled remotely. But, in addition to that, they can detect when people are in a room and adjust lighting as necessary. Thus removing the need for bouts of switching lights on and off or double-checking to see that all the lights are off when you leave your house. They can also be automated according to your preferences and usual routines. For instance, the lights could automatically dim down during the day time. Or, they could turn on in the morning, right after your morning alarm, to give you a wake-up call.

  1. Smart Locks

Smart locks allow you to grant or deny visitors access to your home whether you are around or not. Imagine not having to be at home when repairs are being done in your house. The smart lock system will alert you when the repairman arrives and, if you use a compatible camera, show you his face in real-time. Smart locks can also be set to recognize homeowners and automatically open doors for them. How handy will that be when your hands are full of groceries, for instance?

There is already a working example of this technology being used by Amazon called Amazon Key. It is a smart lock system that allows Amazon’s shippers access to the homes or post office boxes of prime members.

Want to Buy a Smart Home in London?

Goldenstone is a property developer you can count on to provide you with beautiful homes designed to maximize convenience and comfort. With our portfolio of unique developments like the new-build homes in the Old Dairy and the Osborn Apartments, you can rest assured that our properties offer the best of market-leading design and technology. Get in touch with us today to learn more.