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Heatmap animation: Price level development Zurich

  • Data Insights
Published by Igor Omarov - 1 August 2019

Through the analysis of transaction and offer data for residential real estate in the city of Zurich, the proptech company PriceHubble has visualized and animated the development of price levels in the years since 2010 as a video. 

Purchase prices for the years 2010 to 2019 are shown on a half-year basis. The PriceHubble model, which is based on Big Data and Machine Learning, shows price levels adjusted for quality differences that apply to a typical standard apartment. Local differences do not result from different property qualities, but from the general price development. Irrespective of their current use, all buildings are colored according to the expected price level for residential real estate there:

Price level development for Zurich 2010-2019

PriceHubble's data-driven model shows an average price increase of 34% between 2010 and 2019 (1st half-year) for the analysed urban area of Zurich. Based on that, the Swiss paper Handelszeitung wrote an article: https://www.handelszeitung.ch/geld/eine-heatmap-der-immobilien-teuerung

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