One of my favorite pastimes is searching for houses for sale in the UK and Europe. I love trawling real estate sites and discovering what kind of property I could buy if I sold my small terraced house in London. As a result of this almost daily exploration of real estate listings, you might say I have become obsessed with house prices and the cost of property in different areas of the UK.
Which is probably why I love Housemetric's House Price Map. This interactive tool is designed to provide insights into property prices in a visual, map-based format. It uses data-driven methodologies to estimate and display property values and price per square meter in England and Wales.
The map features two main views:
1. Average Price Heatmap:
- Displays the estimated current value of properties.
- Uses a simple automated valuation model.
- Larger properties tend to appear more expensive as the map does not adjust for property size.
- Aggregated clusters at higher zoom levels show median property values for those groups.
2. Price per Square Meter (SQM) Heatmap:
- Adjusts for property size by calculating the price per square meter.
- Highlights areas with the highest cost per square meter, irrespective of property size.
If you zoom in on the average price heatmap, you can view the actual last selling price of individual properties and when they were last sold, based on HM Land Registry data. The Price per Square Meter map view is restricted to registered users.
Via: Quantum of Sollazzo
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