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ARTICLE · 15 AUGUST 2023

Artificial Intelligence: The Real Estate Revolution

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

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It is hard to avoid the recent news highlighting the potential for Artificial Intelligence (AI) to transform our lives in many ways. The scope for such change in the legal industry...

GuernseyTechnology
Kieran Ogilvie
Kieran Ogilvie
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It is hard to avoid the recent news highlighting the potential for Artificial Intelligence (AI) to transform our lives in many ways. The scope for such change in the legal industry has been particularly well reported, and Kieran Ogilvie considers some legal and other areas in the real estate sector where AI could be a useful innovation.

LEGAL PROPERTY DUE DILIGENCE

In a property transaction, whether that is buying, leasing, or financing, a legal property due diligence exercise may be required to assess the potential risk to a client before committing to the transaction.

The potential for AI to be used to review and digest legal property DD documentation with speed and accuracy is clear. This could have application in the conveyancing sector, particularly in Guernsey where historic title documentation can be in French language, and often handwritten to a point where legibility becomes an issue for a human reader. In the hands of AI, however, these matters could

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