Lifull Home’s (at Homes.co.jp) has expanded its price map feature to give home-seekers a sense of the estimated market value of properties across Japan. The site launched a beta version of the price map in October 2015, but the service was only officially rolled out in selected metropolitan areas in March last year (we reported on it here).
In a news statement, the property vertical said users can currently check the prices of 480,000 buildings and around 4.7 million apartments nationwide.
The artificial intelligence-powered database considers three elements to estimate prices: location, time and property attributes. Essentially, the price map calculates prices based on the proximity of second-hand condominiums to amenities like public transport and schools; along with the age of the building. Home’s offers 6.736 million property listings.
The property marketplace recently upgraded its search engine to help buyers assess property hazards. Lifull Home’s is one of many Japanese real estate verticals providing services beyond property listing and searching.
Nomu.com, owned by Tokyo-based Nomura Real Estate Holdings Inc., has also added price map (we reported on it here), while real estate startup Ieshil.com has added a new tool to its site, allowing prospective buyers to visualize the disaster-vulnerability of properties they are interested in purchasing (read here).