The world’s first tool for automated property search for real estate development based on artificial intelligence
The land developer W&L AG and DDG AG are pursuing automating the property search for real estate development. After successful testing, the newly developed tool will be marketed through a joint startup “Propertunity.ai”.
DDG AG acts as a commercialization partner and supports the land developer with it’s know-how.
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Finding a property in a good location these days is not easy. Anyone who wants to find a suitable property often has to search patiently – this is especially true in urban regions where land is in short supply.
Specific criteria must also be considered in advance during the search, such as soil conditions or possible contaminated sites.
The jointly created tool uses a so-called crawler for optimal property search, which automatically searches the Internet for areas that meet specific criteria. In addition, a unique algorithm was developed to incorporate real estate development know-how and AI expertise.
At the touch of a button, it analyzes many properties via a zip code search and filters out the most suitable ones. Also linked to the search are public data sources with information on land use, development plans and infrastructure data, which are, and infrastructure data evaluated in the background. There are already automated solutions on the market. Still, the automatic search by the algorithm will give the company a decisive advantage in the race of real estate developers.
“We have been scanning the market systematically and computer-aided for suitable properties for some time now. With propertunity.ai and DDG AG, we are now taking digital technology to a new level.” Christoph Straube
– Christoph Straube
Chairman W&L AG
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