Artificial intelligence (AI) has reached a new phase: The breakthrough of the Chinese startup DeepSeek shows that sophisticated AI models can now be realized with significantly lower costs and computing capacities. This lowers the barriers to entry for new players and increases competition in the AI sector. As a result, AI technologies could gain a foothold in various industries faster than expected and unleash their economic benefits. But what does this mean for the real estate industry? Our report sheds light on the impact on different sectors and shows where investors could benefit most.