Why monitoring the evolution of the real estate market in Spain is essential for your company
Posted: Tue Dec 10, 2024 4:37 am
For a broker, ensuring that their company can keep up with the evolution of the real estate market is very important because it increases the prestige of the business: well-informed and up-to-date employees demonstrate the quality of the work offered by the company, giving it more credibility.
For the agents themselves, knowing the area in which they work not only helps them gain the trust of their clients, but also speeds up their work.
For real estate investors, tracking the prices of properties selling in the same area as their assets or mapping out how the market is performing is essential to deciding whether to invest in more properties or sell the ones they already own.
You can no longer work in real estate without understanding how the market works. So, let's take a look at the advantages of using CASAFARI Market Analysis to track the evolution of the real estate market for your business.
It helps you make informed, data-driven decisions for the future of your business.
The real estate industry is one of the largest and most competitive in the world. It is no longer just a matter of feeling or experience, so any profitable business needs to look at the numbers before making any decisions.
For developers, it is important to follow the evolution of the real estate market in order to know where the highest prices are in the city , and thus be able to build homes that are more expensive for the client, but also more profitable. The same applies in the opposite direction: if they know in which areas the cheapest properties are sold, developers will be able to build more profitable assets in that area.
It's not just about property prices. With our real estate software, developers can also check the market stock for a certain type of property in a certain area of the city , to find out, for example, that there is a need for 2-bedroom apartments in that area. This ensures that the company can immediately sell the assets they build, which increases revenue and reduces costs and marketing work.
Heatmap inside CASAFARI Market Analytics: see which areas of the city have the highest and lowest prices
Brokers also have many questions that can be answered by our Market Analysis. Analysing the evolution of the real estate market allows them to decide whether they should expand their teams or expand their business into new markets and, if so, where.
Some of the questions about the real estate market that can be answered thanks to our tool:
Is there a growing supply or chinese overseas australia database demand in the market to open a real estate agency in a specific area?
Is there an increase in supply or demand in an area where I work that justifies expanding my team of real estate agents?
In which areas of the city where I work is demand growing?
CASAFARI Market Analysis: Follow the evolution of the real estate market
Ignoring a significant part of the market or an area that is experiencing increasing demand due to a lack of agents or future planning is not something that real estate agencies want to do. Therefore, staying up to date with market developments will help you better understand what the next steps are for a broker.
Data is also key for investors: the only way to check if you have found a good opportunity is to know what the real estate market is doing at that moment. This way, investors can analyse whether the price of a property they are interested in is tending to rise or fall, whether this type of property lasts only a few days or a long time on the market (i.e. whether there is demand for this property) or whether there are many similar competitors on the market, in order to make better decisions.
Price distribution within CASAFARI Market Analytics: Check how prices are distributed within an area according to each asset class.
It allows you to get to know a specific area of the city
Real estate agents typically work in a specific area and the more they know about that area, the more they can help their clients.
Whether we are talking about people looking for a home to live in or to invest in, the real estate agent, in order to explain to clients why that area suits their needs, must know both the infrastructure elements (such as schools, hospitals, transport, local shops) and the market situation in that area, the opportunities that exist and the evolution of the real estate market.
With CASAFARI Market Analysis, you will be able to answer questions such as:
Does neighborhood X have the type of property my client wants?
Do these types of properties usually sell at a price that is within the client's budget?
Are there trends of rising or falling property prices that may affect my current or future clients? If so, why is this happening?
With the information they need, real estate agents can:
meet the expectations of its clients with real and up-to-date data on the real estate market,
find out possible solutions to the needs of their clients,
ensuring that customers are at ease, knowing that they are being served by an expert in the field.
Ultimately, it's a win-win situation where your customers will be satisfied, while still earning revenue.
It allows you to understand the valuation of the property in more detail
You've carried out a property valuation using our Comparative Market Analysis tool and now have a market price for a property you want to buy or sell, whether for yourself as an investor or for a client. But how can you better understand this price? By keeping track of the evolution of the real estate market.
Investors want to know whether their assets are rising or falling in value, which is why our house price charts over time help them decide whether to hold on to their property or sell it.
Real estate agents, for their part, need to have arguments that allow them to explain to their clients why these prices are the most suitable for selling their properties. To do this, they can use all the information offered by Market Analysis , such as market stock, price increases and decreases, new properties available by asset class, the average time each asset spends on the market and the distribution of sales prices.
For the agents themselves, knowing the area in which they work not only helps them gain the trust of their clients, but also speeds up their work.
For real estate investors, tracking the prices of properties selling in the same area as their assets or mapping out how the market is performing is essential to deciding whether to invest in more properties or sell the ones they already own.
You can no longer work in real estate without understanding how the market works. So, let's take a look at the advantages of using CASAFARI Market Analysis to track the evolution of the real estate market for your business.
It helps you make informed, data-driven decisions for the future of your business.
The real estate industry is one of the largest and most competitive in the world. It is no longer just a matter of feeling or experience, so any profitable business needs to look at the numbers before making any decisions.
For developers, it is important to follow the evolution of the real estate market in order to know where the highest prices are in the city , and thus be able to build homes that are more expensive for the client, but also more profitable. The same applies in the opposite direction: if they know in which areas the cheapest properties are sold, developers will be able to build more profitable assets in that area.
It's not just about property prices. With our real estate software, developers can also check the market stock for a certain type of property in a certain area of the city , to find out, for example, that there is a need for 2-bedroom apartments in that area. This ensures that the company can immediately sell the assets they build, which increases revenue and reduces costs and marketing work.
Heatmap inside CASAFARI Market Analytics: see which areas of the city have the highest and lowest prices
Brokers also have many questions that can be answered by our Market Analysis. Analysing the evolution of the real estate market allows them to decide whether they should expand their teams or expand their business into new markets and, if so, where.
Some of the questions about the real estate market that can be answered thanks to our tool:
Is there a growing supply or chinese overseas australia database demand in the market to open a real estate agency in a specific area?
Is there an increase in supply or demand in an area where I work that justifies expanding my team of real estate agents?
In which areas of the city where I work is demand growing?
CASAFARI Market Analysis: Follow the evolution of the real estate market
Ignoring a significant part of the market or an area that is experiencing increasing demand due to a lack of agents or future planning is not something that real estate agencies want to do. Therefore, staying up to date with market developments will help you better understand what the next steps are for a broker.
Data is also key for investors: the only way to check if you have found a good opportunity is to know what the real estate market is doing at that moment. This way, investors can analyse whether the price of a property they are interested in is tending to rise or fall, whether this type of property lasts only a few days or a long time on the market (i.e. whether there is demand for this property) or whether there are many similar competitors on the market, in order to make better decisions.
Price distribution within CASAFARI Market Analytics: Check how prices are distributed within an area according to each asset class.
It allows you to get to know a specific area of the city
Real estate agents typically work in a specific area and the more they know about that area, the more they can help their clients.
Whether we are talking about people looking for a home to live in or to invest in, the real estate agent, in order to explain to clients why that area suits their needs, must know both the infrastructure elements (such as schools, hospitals, transport, local shops) and the market situation in that area, the opportunities that exist and the evolution of the real estate market.
With CASAFARI Market Analysis, you will be able to answer questions such as:
Does neighborhood X have the type of property my client wants?
Do these types of properties usually sell at a price that is within the client's budget?
Are there trends of rising or falling property prices that may affect my current or future clients? If so, why is this happening?
With the information they need, real estate agents can:
meet the expectations of its clients with real and up-to-date data on the real estate market,
find out possible solutions to the needs of their clients,
ensuring that customers are at ease, knowing that they are being served by an expert in the field.
Ultimately, it's a win-win situation where your customers will be satisfied, while still earning revenue.
It allows you to understand the valuation of the property in more detail
You've carried out a property valuation using our Comparative Market Analysis tool and now have a market price for a property you want to buy or sell, whether for yourself as an investor or for a client. But how can you better understand this price? By keeping track of the evolution of the real estate market.
Investors want to know whether their assets are rising or falling in value, which is why our house price charts over time help them decide whether to hold on to their property or sell it.
Real estate agents, for their part, need to have arguments that allow them to explain to their clients why these prices are the most suitable for selling their properties. To do this, they can use all the information offered by Market Analysis , such as market stock, price increases and decreases, new properties available by asset class, the average time each asset spends on the market and the distribution of sales prices.