The value of an apartment, building, or land in a urban area is not represented exclusively by the intrinsic characteristics of the property, such as the quality, location and size of its construction, but is also and even primarily determined by externalities – both negative externalities, such as air and noise pollution, traffic congestion, high criminality rates; and positive externalities, such as proximity to playgrounds, schools, stimulating social interactions. Unfortunately, existing Real Estate (RE) electronic services (e-services) and applications are targeting purchasing or rental advertisement of properties based exclusively on their intrinsic characteristics, without offering any assistance to professional and individual retailers in assessing the positive or negative externalities related to a particular property.
The RealEstate2.0 project aims to bridge this gap, which presently appears to be even more crucial, in order to open the Greek real estate market worldwide, in the following ways :