Brazil-based real estate classified platform Zap is about to launch a new commercial property index to its FipeZapadd suite of related products.
Like its FipeZap Properties Asking Price index, the new FipeZap Commercial Properties indicator will be calculated, audited and managed by non-profit data organization The Institute of Economic Research Foundation (Fipe).
Zap told classifieds industry specialist AimGroup it decided to create the new DataZap business division because verticals in the non-exclusive market are forced to deal with the issue of duplicate listings along with a lack of data and transparency around local real estate transactions.
CEO Eduardo Schaeffer told AimGroup the new indicator is both agile and fresh.
“It’s agile, because you can calculate property prices daily, and fresh, because the information used is also updated on a daily basis by the users," Schaefer says in the report.
"It doesn’t fluctuate as a result of minor changes in the collected samples.
The FipeZap Commercial Properties index is expected to be launched this month, according to the report.
Read the rest of what Schaeffer's had to say about the Brazilian market in the AimGroup report.