Accessing accurate and reliable real estate data is more critical than ever to tackle the current challenges
In this climate of high inflation and market volatility, relying on technologies such as PriceHubble’s can be a real game-changer for real estate, mortgage and wealth management professionals. Its data-driven models can determine and keep track of the current statistically most probable market and rental price of a given property based on several hundred price-influencing factors. Based on the learned patterns and correlations in the market, it can also provide a forecast of property value developments for the next 24 months. "Such new valuation models have already established themselves and will play an increasingly crucial role in real estate and finance in the longer term", explains Stefan Heitmann, Founder and Chairman of PriceHubble. For example, the European Banking Authority highlighted the use of statistical valuation models in its May 2020 revised guidelines on loan origination and monitoring.
Transparency is at the heart of what we do at PriceHubble, and it is key to navigating the current market: "PriceHubble was founded in 2016 with the mission to address the lack of transparency in the real estate industry. Now, and especially in these uncertain and volatile times, data and transparency are key to tackling the challenges created by the current market situation", says Stefan Heitmann. He adds: "It doesn’t stop with the point of transaction anymore: real estate and finance professionals now have to provide their customer base the right tools to stay on top of their property. What the industry used to do for decades, i.e. look at the property and its respective value track, is simply not good enough anymore. We bring the data solutions to allow a new level of customer engagement".
In addition to needing more transparency, finance and real estate professionals are also increasingly interested in emerging topics such as ESG. "I believe that ESG is more crucial than ever as a data and skill set in the property market of the future", says Stefan Heitmann. Access to accurate, reliable and comprehensive energy-performance data is crucial, but the availability of such data varies from country to country. PriceHubble aims to address this need: "Whether for individual real estate investors, buyers and tenants, institutional parties or financial institutions, energy performance is becoming an even bigger consideration factor for all. As a leader in ESG-related property analytics, PriceHubble will continue to provide guidance and in-depth insights in this area".
Don’t hesitate to contact us if you want to learn more about how real estate data and insights can help real estate professionals tackle the current market-related challenges.