Property Price Tracker available from DotHomes
by Gill Montia
DotHomes.com, the property search website, has launched a new online tool that can measure property performance.
The service is provided at no charge and is available to estate agents, buyers, sellers, developers, investors and others with a presence in the property market.
Those logging on can measure and compare the values of UK property assets and their performance.
Prospective buyers can compare property prices and calculate returns on an investment in different regions of the UK.
They will also be able to assess how property investments have performed over time against variable data, such as average UK property prices, average London property prices and the FTSE 100 Index.
The service can provide a guide to the performance of either individual properties or property portfolios, whilst also providing house-hunters with a property search tool.
The Tracker uses historical data from mortgage lenders and a number of other sources.
It also anticipates property price fluctuations by taking into account the asking prices on comparable properties.
Douglas de Jager, the co-founder of DotHomes’ parent company, BytePlay, has plans to extend the Property Price Tracker and expects to launch a version of for the Irish market in 2008.
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