PriceHubble and EverReal launch long-term partnership

• Always sell and rent at the current market value

• Handle tenant turnover and property sales in a maximally structured, simple, fast, and 100% digital manner

Rent and sell real estate 100 percent digitally and always at current market value

PriceHubble integration in EverReal

Berlin, April 25, 2022 - PriceHubble, the specialist for data-driven real estate valuations and analyses, and EverReal, the high-performance real estate platform that maps property rentals and sales fully digitally in a single system, launch a long-term partnership. With the integration of PriceHubble into EverReal, real estate companies can handle tenant turnover and property sales in a maximally structured, simple, fast, and, above all, always at the current market value.

Core business processes such as (re-)letting and selling real estate are still often handled across various systems or manually today. Relevant, up-to-date data, such as market-average rental or sales prices to operate with maximum profitability, is missing and must be painstakingly researched.
On the EverReal platform, which was awarded the German Real Estate Prize by immowelt in 2020, both types of real estate transactions can be mapped fully and seamlessly digitally: from marketing and prospect management to contract generation and handover via app. Numerous portfolio-relevant data points are automatically collected in a structured manner and are accessible in real time: as of now, also the current property value, thanks to the new PriceHubble price indicator directly within the EverReal platform.

“EverReal stands for integrations of smart, innovative partner solutions like PriceHubble that make everyday work simpler and more pleasant for real estate companies. For our customers, the price indicator provides the certainty that they are always renting or selling their property at the current market value and grants them data-based flexibility in making important economic decisions. Time-consuming and costly research and valuation are eliminated, as PriceHubble automatically calculates the market value in real time based on a multitude of parameters in the background,” says Nessim Djerboua, founder and CEO of EverReal.

Christian Crain, Managing Director of PriceHubble Germany, adds: “PriceHubble and EverReal share the vision of bringing the real estate industry into the digital age. When AI in property valuation and market analysis meets well-thought-out process optimization in letting and sales, then everyone involved in real estate transactions benefits from simplicity, speed, data-driven decisions, and transparency.”

Real-time real estate valuation thanks to the latest technologies and AI

Customers already check during ad creation in EverReal whether their actual and target values correspond to the current market average. They can evaluate portfolios for value potential and analyze new investments in just a few seconds.

The basis of the property valuation is a highly developed statistical valuation model, a so-called Automated Valuation Model. Using big data analytics, cutting-edge forecasting algorithms, and artificial intelligence, this model can evaluate more than 450 property-related factors for an asset at any imaginable location in Germany and determine the market price within seconds. In doing so, not only core property data such as location, size, number of rooms, or fittings are considered, but also socio-economic neighborhood data, infrastructure data, accessibility, comparable properties, and construction projects in the surrounding area. According to research, more than 60 percent of a property’s market value is determined by these non-traditional characteristics of an asset. The PriceHubble model is able to incorporate a large number of these characteristics into the valuation to determine an actual market price in real time,” explains Crain. Modern AVMs like PriceHubble’s can determine market values in real time with a deviation of only 5 to 15 percent.

Press contact PriceHubble:
PriceHubble AG
Antje Heber
Communication Manager
T: +49 (0)163 17 33 117
antje.heber@pricehubble.com

Press contact EverReal:
Daria Kossogova
Head of PR
T: +49 (0) 89 244 182 697
daria.kossogova@everreal.co

About PriceHubble:
PriceHubble is a Swiss B2B proptech company that develops innovative digital solutions, based on property valuations and market insights, for the real estate industry. PriceHubble’s product portfolio leverages big data, advanced statistical analysis methods, and attractive visualization, thereby bringing a new level of transparency to the market. This enables customers to make real estate and investment decisions based on highly accurate, data-driven insights (such as valuations, market analyses, value forecasts, or building simulations) and to enhance dialogue with end consumers. PriceHubble’s digital solutions support all players across the entire real estate value chain (including banks, asset managers, property managers, portfolio managers, and real estate agents). PriceHubble is already active in 9 countries (Switzerland, France, Germany, Austria, Japan, Netherlands, Belgium, Czech Republic, and Slovakia) and employs more than 150 people worldwide.