The next big thing
The story is that real estate is becoming more transparent the world over. There are many independent vendors of data and analysis to investors and other market operators on a national and international basis.
Immobilium is not their competitor. Its role is to let those who have data to contribute to market transparency do so and be seen to do so, by offering an open platform for any and all data they wish to share. So Immobilium presents open and accessible data, and you don’t need OSCRE to make sense of it.
Immobilium will be free of charge for those who consult the data or those who provide it. After a launch phase, it will seek revenues from advertising and added-value services. However, the big idea is to operate an effective, very low cost operation, in the interest of market efficiency, without proprietary frills.
All can provide data, mainly via Google Fusion Tables or other sharing tools, so Immobilium need have little direct contact with the data. Immobilium will be watchful, but the responsibility for quality lies with the clearly identifiable provider of each item of information. Providers can supply as little or as much data as they wish, with Immobilium as a shers can see who has the info they’re looking for.
Immobilium’s open structure permits it to include and display any information relating to real estate assets and the built environment: Deals, valuations, ownership, projects, certification, property-on-the-market, auctions. If you’ve got it, Immobilium will flaunt it.
2015 will see the second phase of Immobilium. Definitions will be made consistent, whilst automation and aggregation tools will be added to optimise access by both users and providers. Via SEO and other means, Immobilium will be made visible to all those with interest in the built environment, not just the RE community. Early adopters will be invited to take part in consultations on the formalisation of Immobilium’s financial and ownership status. Immobilium is being developed in Italy where property is far from transparent, but it aims to fill a global need, unlimited by questions of what’s real estate and what’s not.