website gives its users tools to examine Israel real estate prices.
Israel real estate market is generating hundreds of billions of shekels a year. Each year, sold about 100 000 properties across Israel. Buyers and sellers are coming from variety of backgrounds and include developers, contractors, brokers, real estate dealers, investors and buyers of course residential homes.
Unlike the stock exchange, where there are multiple tools that allow to follow the market, sectors and specific stocks, the real estate market has no similar tools. Of course, trading in stocks and real estate is very different in nature, but still lack of tools for tracking the absolute value of real estate is extremely problematic.
The purpose of netunim.co.il is to give indications of the real estate prices in the country. Since every apartment and every house are different, there is no price list that allows the target to calculate the value of each dwelling, but statistically track after prices in the country from the region, through the city and neighborhood level .
The data in the database are the result of a complex statistical algorithm based on a monthly review and analysis of about 10000 properties available for sale throughout the country as well as real estate transactions carried out in practice.