How will urban economics and data help the real estate market?

[muskanhossain]

Knowing the factors of the urban economy and the importance of data is essential for the evolution of the market in which we operate.

It seems obvious that the real estate market has a direct influence on cities and on society's behavior and interaction with them. However, this issue still needs to be explored in more depth and this expansion of knowledge is of utmost importance to improve our performance. This knowledge involves understanding two important points: urban economy and data. Let's look at some important topics in this discussion:


Urban economy and changes
In general, urban economics is the study of economic activities in urban areas, that is, the analysis of issues such as education, traffic, housing and crime rates, related to consumption, business evolution and the behavior of society within monetary activities.

From this point of view, we have to understand that there is a constant change in the relationship between people and large cities, so what was true 10 years ago may not be true today.

One piece of information that exemplifies what we are nepal whatsapp data saying is the change in behavior among generations. Some older generations had the main goal of buying a property. The younger generations, on the other hand, do not have this as their main focus, so they are more open to renting and regularly moving residences.


Information and knowledge of data
Data is a basis for understanding changes. Understanding the transformations of cities based on numbers and concrete information is of unparalleled importance, as it allows arguments to be constructed in a solid and sustainable way. There are reliable sources within the real estate market, however, it is important to analyze the information and relate it to the urban economy.

Understanding information is what sets us apart from our competitors. Acting in unison with data allows us to build a closer and more credible relationship with our customers.

Invest in big data and understand the evolution of cities
Some possible analyses with the help of data are: the evolution of the distribution of houses and apartments in SP, understanding the cost of a parking space in the value of a property, in addition to the analysis by price per m². Of course, for small and medium entrepreneurs, it is possible to start with the neighborhood in which they operate, understand the market and the behavior of customers around them. Therefore, data is important at all levels.

Start by building a base, be recurrent and compare these analyses, this will have indescribable value in the future and will differentiate you from other players in the market.