What is a digital twin of the real estate market?
A digital twin is a digital representation designed to reflect the real-world situation as accurately and currently as possible.
For the real estate market, this means combining information from different sources into a single digital view of the market. This includes property supply, new-build projects, sold homes, location data and supplementary public information from organisations such as Statistics Netherlands (CBS) and the Kadaster.
An important characteristic of a digital twin is that it is not static. New information from online sources and, where available, field data can be continuously added and updated. This allows the digital representation to evolve alongside changes in the real estate market.
By bringing together an increasing number of relevant data sources, it becomes possible to create an increasingly complete picture of residential construction, project development, availability, regional growth and area developments.
For real estate organisations, this makes it possible to examine developments not only individually, but also to analyse the relationship between different changes within an area.