In property development, using data is like having a map that guides you in the right direction.
Data helps you see what’s really happening in the market, showing you what people want, where to build, and how much things will cost.
It also helps you calculate your profits and see if it’ll be a good investment decision.
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When people ignore data, it’s like trying to build something in the dark.
You’re more likely to make mistakes such as overestimating demand, underestimating costs, or missing out on lucrative opportunities altogether.
Imagine launching a development project based solely on gut feeling or outdated information.
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In this blog, we’ll explore all the data points you need to look at before starting a property development project.Â
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We’ll also look at all the tools you can use to collect the required data, so you can make informed decisions.
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Let’s get started.
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These data poin...
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