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How Open Data stimulates investors' decisions in Spain

Re-use example of property data

It is difficult for foreigners - and even for citizens coming from a different region - to know enough about the local housing market of another country - or specific area - to make a good investment decision. One company decided to explore the use of Spanish Open Government Data to help its users make more informed purchasing decisions. The Spanish property market highly depends on foreign buyers searching for their second holiday home.

Currently, data regarding registrar transaction volumes, mortgage lending and the house price index are used as core datasets. In addition, information about unemployment is used to indicate the local economic strengths of an area. In the future, airport arrival data and bathing water quality will be added to this list. All data that provides information about the surrounding of the house is relevant for buyers to make better and swifter decisions.

Read more: http://www.theguardian.com/media-network/2016/jan/19/open-data-investor-confidence-spanish-property