Ask Wire: In partnership with government to provide real estate analytics tool

09:11 - 12 April 2023

Technology

Ask Wire has announced its partnership with the Ministry of Finance, to provide the Cyprus Tax Department with access to its cutting-edge Real Estate Dynamics (RED) analytics tool.
“RED is a powerful data analytics platform that offers comprehensive market insights through the visualization of transactional data and asking prices,” the company explains. “With RED's help, the Tax Department will gain unprecedented access to transactions and listings, enabling it to enhance efficiency and streamline the decision-making process.”

According to an announcement by Ask Wire, RED provides access to a vast database of over 140,000 transactions, updated monthly, and over 22,000 listings, updated daily. The transaction data is cleansed, sorted by type, and mapped, providing a clear picture of the market trends. The platform includes asking prices from all banks and NPL servicers, properties in the foreclosure process, and aggregator websites. Furthermore, RED offers additional layers of information, such as the profile, per the Land Registry, of all properties across Cyprus, town planning zones, government land, green areas, and much more.

“This partnership is a significant milestone for Ask Wire and the Cyprus Tax Department, as it will enable them to work together towards a more efficient and effective tax system. With RED's advanced analytics capabilities and the Tax Department's expertise, this collaboration is expected to produce valuable insights that will benefit the real estate industry and the Cyprus economy as a whole,” it said.

Learn more about RED here: https://lnkd.in/dZFCxPJb
Sign-up here for a trial: https://lnkd.in/dHMhVTBu

Ask Wire: In partnership with government to provide real estate analytics tool

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