New Tool Allows Israelis to Track Apartment Sale Prices by Building
Translated & summarized from N12 by baba
A new Bizportal calculator allows Israelis to check apartment sale prices within specific buildings by address. Lawyer Guy Zomer compiled a database of 3.8 million transactions, making it publicly accessible. Users can input an address to see past sales in their building, helping estimate property value before buying or selling.
The story in 5 lines · by baba
- A new Bizportal calculator enables users to check apartment sale prices by building address.
- The tool provides a "valuation estimate" for property owners and potential buyers.
- It accesses a database of 3.8 million real estate transactions compiled by lawyer Guy Zomer.
- Users can see how much their neighbors sold apartments for to determine their own property's value.
- The calculator shows a building's construction year, number of floors, and transaction history.
A new online calculator developed by Bizportal allows users to check real estate transaction prices within specific buildings by entering an address. This tool aims to provide a "valuation estimate" for property owners and potential buyers.
The calculator accesses a database of 3.8 million real estate transactions, compiled by lawyer Guy Zomer. Zomer made this extensive data publicly available, noting that official tax authority databases are far more limited in scope and search capabilities. The tool enables users to see how much their neighbors have sold their apartments for, thereby informing them of their own property's value.
Users input a city, street, and building number to access a "building card" detailing its construction year, number of floors, and a table of all transactions. It also shows the sales history for apartments that have been sold multiple times. This information is crucial for appraisers and banks when determining property values, and the calculator streamlines this research process.
