Real estate: Homeday reveals the Berlin real estate prices

Real estate prices in the capital are no longer a secret! Because with its new price atlas, the technology-based brokerage firm Homeday has now launched an interactive map that shows the square meter price of every property in Germany.

With the Homeday Price Atlas, real estate owners can find out just how much their house or apartment in Berlin is currently worth in just a few clicks. You can also see at a glance how high or low the prices of real estate in the area are. Whether Pankow, Neukölln or Charlottenburg: Buildings can be compared so quickly and easily – from the comfort of your own home.

Benefits for real estate sellers

In addition to current market prices, the Homeday Price Atlas also shows how real estate prices have developed over the past three years. Whether it’s a double-digit growth rate, persistent stagnation or a slight drop in prices, the price trend provides a first orientation for real estate owners who are considering a sale. The question of whether the time for the sale is right, so often can be answered within seconds. By evaluating the location – from simple to outstanding – Berlin owners also learn whether their property is in a sought after area. Best of all, they even see at a single click the price at which sellers have offered their homes and apartments in the area over the past five years. In addition to the purchase prices of real estate, the interactive map also shows the current and historical rental prices of all blocks of flats in Berlin. Property owners can estimate the value of their property from another perspective.

On request: Info about any price change

Even without a daily look at the map, the Preisatlas owner keeps up to date with the price developments of their Berlin property. To use this free service, sellers simply subscribe to the block of flats where their house or apartment is located. If the property price changes in the area, you will receive a corresponding e-mail. In addition, they are informed when other sellers in the respective block offer their property for sale. Owners are thus able to keep an eye on current activities in the Berlin market at all times.

Special algorithm provides precise values

Prices from the Homeday Price Atlas are based on data from more than 350 online and offline sources, including numerous real estate portals. They are calculated using a proprietary algorithm developed by Homeday, which takes into account more than 150 features. How big is the property? In how many rooms is she divided? How well is the building connected to public transport? How far are kindergartens, schools, doctors or shopping facilities? Are there any parks or recreational areas nearby? – The inclusion of these and other questions provides solid results in the price calculation.

Property valuation as a condition of sale

Although the Homeday Price Atlas gives property owners a first estimate of the value of a property, it can not and should not replace the property valuation required before a sale. It also takes into account individual features of a property that can have a significant impact on the value. Property owners can easily request Homeday property valuation through the price atlas as needed. The service is free and without obligation. That is: Only after Homeday has named the value of a property, the owner decides whether he wants to sell with Homeday.