Romanian portal topestate.ro has introduced a new price index tool for property hunters.
The index displays the median price of various types of homes in a particular county and can compare this to prices in a particular area in that county. It can also compare the price of similar properties listed on the website, and display price changes made over the past seven days.
topestate.ro manager Mihai Stan told wall-street.ro that around €80,000 has been invested in developing the tool. Stan explained:
“The index is primarily aimed at serving as a tool for homebuyers to choose the best offer so as to know what the right price to negotiate is, in line with the budget they are they are committed to stick to.”
topestate.ro was launched in May this year and is available in seven languages. A press release states the portal currently lists 15,000 properties and has 1,500 registered users.