The data provided through the new platform will be anonymous and will encompass all properties within a specified area, not limited to those that have been sold (as outlined in the register). The data will be sourced from the Land Registry and the Independent Authority for Public Revenue (AADE). Specifically, the platform will be updated with data from the Land Registry, E9 property declarations, and property rental information derived from E2 declarations. Additionally, the system will leverage artificial intelligence to gather and analyze data beyond the scope of tax office records and the Land Registry, such as information from real estate advertisements.
According to Minister of State Akis Skertsos, in statements made to ERT, the goal of the platform is to closely align reported transaction values with actual market prices, with a margin of deviation of 10-15%.
The platform is expected to be operational by 2025.
Detailed property information—such as location, floor, square footage, age, and sale price (if a deed has been executed)—will be made available free of charge to interested parties. This will allow potential buyers to gain a comprehensive understanding of property values within a specific area, as well as the prices agreed upon in contracts.
For broader data, including aggregated price trends and information covering larger geographic areas, access will be available for a fee.
