This research focuses on the impact of new technology in real estate market. New technologies such as: broadband services, telephones, pc networking and home offices, cable, digital and satellite TV, home cinema surround system, multi room audio, security systems, are some of the services that affect the values of properties. This research gives a critically review in existing literature and models that can predict the impact in real estate prices. Technology is rapidly changing and it is a big issue of research in real estate. How new technology affect the prices of properties? How properties are ready to include all off these new demands of modern life style? These are some of the questions that will be answered in this paper.