Big Data and Real Estate Market

Identifying the best areas to invest in, knowing what type of property is in demand in each area, whether you are looking for more rentals or sales, homes or offices, or in which segments of the population there is more demand for each type of property, is part of what can now be analyzed using modern Big Data techniques.

Friday, August 30, 2019

The real estate market is not alien to the new reality focused on analyzing large volumes of information and making business decisions based on data.
More and more alternatives are available to developers, consultants, real estate investors and real estate marketing agencies.

For example, as the real estate portal infocasas.com.uy points out, "... Developers no longer drive projects based on what they "think" can be profitable. Today they have accurate data to detect market trends and demand needs. A developer can know exactly which are the best areas to invest in, what type of property is in demand in that area, if you are looking for more rentals or sales, housing or offices, in what age group there is more demand for that type of property."

"... Data analysis gives much stronger forecasting power than a decade ago. The ability to anticipate change enables investors to plan their investments based on objective data and not perceptions, reducing financial risks and obtaining higher returns. You don't have to be a great investor to harness the power of Big Data projection." See full article here.

In CentralAmericaData we have developed feasibility studies of real estate projects using data mining techniques, both in cities in Central America and in Mexico.

One of our clients, a real estate development company, needed to evaluate the feasibility of a vertical housing project in a city in Central America. Using public and private sources of information, we prepared a study that included: analysis of the commercial and industrial environment; population and demographic characteristics, floating population, commercial and industrial environment, and vehicle fleet, trends and preferences of people seeking to buy residence, inventory, absorption rates, characteristics of demand and analysis of available housing supply.

Based on the information, different feasibility scenarios were presented, which included a sensitivity analysis and the modeling of demand according to price per square meter.



More on this topic

Custom Industrial Construction

December 2019

In Panama developers are being more cautious when making decisions regarding the construction of industrial projects, as they prefer to build buildings based on the needs and demands of customers.

In the current situation of the country, where investment in new construction, additions and repairs, reports a 9% contraction until October 2019, developers in the industrial real estate market have chosen to migrate to the "Built to Suit" (BTS) leasing model.

Businesses Promised by West Panama

September 2019

Businessmen are looking to districts such as Arraiján and La Chorrera, as the improved connectivity brought by the Fourth Bridge over the Canal and Metro Line 3 will bring a wide range of business opportunities.

These districts, in which considerable growth is expected in the next few years, currently remain among the main areas attracting investment in the construction sector, since according to figures from the Comptroller's Office, between January and July of this year, the costs of new works, additions and repairs reported in La Chorrera and Arraiján, totaled $79 million and $58 million, respectively.

2015 Business Mecca: Panama Oeste

March 2015

Banks, supermarkets, shopping centers and residential development projects characterize the growth of a province with half a million consumers.

There are approximately 500,000 inhabitants who are demanding more services, especially in areas such as health, restaurants, shops and banks, which although present in the province need to be expanded on in order to meet consumer needs which are growing fast in Panama Oeste.

Real Estate Investment Funds Created in Nicaragua

March 2014

Estimates are of a market potential of $80 to $100 million for the development of real estate funds in the next two years.

The Invercasa Financial Group announced that it is negotiating with the Superintendency of Banks and Other Financial Institutions (Siboif) to open a real estate fund management company.

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Calvet & Associates

We are specialized in Residential and Commercial Real Estate Development and in the Hospitality and Tourism Industry. We provide integral support to investors and projects. Our market share is 71% +
Operates in Nicaragua
Phone: (505) 2270-1320

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