Archive for the ‘The Property Index’ Category
The Property Index is a directory containing (bar a few exceptions) all residential property in South Africa as registered in the deeds office – over 6 million properties. Even more exciting is we are able to display a property value estimate for over 2 million properties over R500 000. Anybody can navigate through every town, suburb, street and complex in South Africa to see what is going on in their area.
Up until now, the power that the Property Index offers was only available to professionals in the property industry, including banks, estate agents and conveyancing attorneys. The internet is changing all that, for the first time the South African public will be empowered with the right information to help make informed choices with regards to residential property, whether you want to find your perfect home or make a great investment.
In keeping with the principles of agile software development we are releasing the basic functionality first, and then steadily adding rich features to it every month. Look forward to getting rich insight into suburb trends in property prices, market activity, demographics, local property news and more.
Today we are releasing the core or backbone of the Property Index. Search for any freehold or sectional title residential property and discover the following:
- property EstiMate values – a value prediction using Lightstone’s automated valuation model, based on deeds office price history for the property and suburb, plus other data sources
- land area of the property
- Google streetview of the road and external view of the property
- surrounding points of interest including schools, hospitals, police stations, shops and shopping centres
- top local estate agents