Global financial risk, software and analytics firm MIAC has launched its property analytics tool for the UK.
The tool promises granular insight, analysis, mapping and – in the near future – forecasting of house prices and rental yields.
The platform allows users an instant granular visual breakdown of the house price and rental indices that are already being used by MIAC clients, for example by county/London Borough, region, nationally and – uniquely – the national picture excluding London.
It also allows the selection of properties by type and number of bedrooms, both owner-occupied and rented, and includes up-to-date highlights of spikes and trends.
Dr Darrel Welch, managing director of MIAC Analytics, said: “We believe that our residential house price and rental indices are the most robust and least volatile in the industry, providing our client partners with unrivalled insight into the relative risk and value of the properties in which they have an interest.
“Other House Price Indices (HPIs) may be limited either by the fact that their data does not reflect the entire UK market, or that their analytics and tools are not quick and user-friendly enough to give a clear and up-to-date picture of what the data means.
“Finally, our users benefit from access to our team of experts as well as the technology and the indices – giving them a truly bespoke understanding of the information they need.”
MIAC’s UK data is gathered from a combination of sources including Land Registry, and goes back as far as 1995.
Its proprietary technology is currently being developed to incorporate an element of predictive analytics to extrapolate future trends as well as current and past ones.