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How data is shining a light on global property markets

BBC Business reporter   comments Image caption Hong Kong boasts the second highest office rental costs in the world The property market, like that of gold and oil, is a rather murky world. The prices you'll see on most websites are asking prices. The value of a done deal - the real price - can take land registries weeks to process, by which time a fast-paced market will have moved on. So those on the inside doing the deals, such as estate agents and developers, have a distinct advantage. Could technology help blast open this closed market? Teun van den Dries, chief executive of Dutch software company GeoPhy , believes his data analytics software program could do just that, starting with commercial property, a global market worth about €22.5tn (£15.7tn), according to the European Public Real Estate Association . Image caption GeoPhy's Mr van den Dries says his software tracks 40 million buildings in the UK His program crunches lots of different ...