New AI tool will transform property searches says proptech

A new AI-powered property search tool has been launched by proptech company REalyse, promising to transform how homebuyers and sellers search for properties. The tool, already used by major developers and financial services firms, is now available to individual users.

How It Works

• The platform leverages big data from sources like Land Registry, EPC certificates, and 20+ websites/agencies.
• Provides instant results based on tailored criteria, such as proximity to amenities, school catchments, and even planning permission probability scores.
• Offers valuations with a claimed accuracy of 1-5%, far surpassing traditional tools with 20% margins of error.

Key Features

• Market Context: Shows the difference between asking and sold prices for similar properties.
• Two-Year Forecasts: Evaluates potential investment value.
• Estate Agent Comparisons: Reveals how many similar properties agents have sold, pricing accuracy, and time-to-sale.
• Rental Insights: For landlords, it provides estimated returns, yield maps, and capital appreciation data.

Subscription Options

• Basic: £9.99/month
• Premium: £19.99/month (unlimited property tracking)

Quote from REalyse COO Irakli Menabde:

"Most valuation tools give you a 20% margin of error, which is absolutely useless in my view."

For more details, visit REalyse or read about Zoopla's AI investment.

This tool aims to bring unprecedented transparency to property searches, benefiting buyers, sellers, and investors alike.