Just a fresh portion of useless blockchain hype. We have seen how DAO has replaced traditional companies, how ICO replaced stocks and IPO, how DeFi replaced all of traditional finance, now NFT is going to replace real estate registration (/s obviously).
The problem imo is that blockchain works well when you have to deal with data that is generated according to certain condition defined by the protocol, for physical / material assets not so much, unless the information can be verified by the whole network which is very unlikely for real estate, and it ends up depending on trusted third parties so blockchain are more going to be a waste than anything.
There's really no big difference between NFT and traditional database owned by a company, both solutions are centralized. NFT database is public, but it doesn't mean it's a good thing, especially from the privacy point of view. So all this noise can be summarized as "lets have a private company managing property rights, instead of the government". But it's being misleadingly presented as if it's all decentralized because of blockchain magic.