Lexpress Property Trends Lexpress Property Trends EN Light Version | Page 12

METHODOLOGY & CONTRIBUTORS
METHO-
DOLOGY
OF OUR PROPERTY
BAROMETER
DELPHINE TAYLOR ,
Business Development
Consultant
U
p until now, there is no real
estate price index based on
transactions to which the
Mauritian property sector could refer.
However, since the last decade,
the real estate sector and other
related sectors (such as construction,
infrastructure, services…) have expe-
rienced a significant growth. Therefore,
we have thought that it would be
interesting to analyse the marketing
data which we have been storing since
our launch, 10 years back, to give more
insights that, we hope, will be useful to
the Mauritian market.
Big Data is something that everyone
has heard about and today, it stands as
one of the most important challenges
for companies, particularly in Mauritius
where we seem to lack expertise in this
field. This first issue is definitely not as
detailed as we would have wished, but
it remains a first step allowing indivi-
duals and professionals to observe and
establish trends.
We believe that, nowadays, it is
impossible to rely solely on feelings to
make decisions. This is why it is important
to have assessments which are likely to
help shape our thinking. However,
this barometer shall not be the only
source in the decision-making process:
12
LEXPRESSPROPERTY TRENDS
Delphine Taylor
the expertise of the property market’s
key players remains essential.
LexpressProperty.com, the 1 st property
portal launched in 2009, has indis-
putably the widest audience as well as
the most important number of online
real estate listings.
Yet, we should bear in mind that a real
estate website remains a marketing tool
with a number of limitations for many
reasons:
• Property ads are posted by agencies,
promoters and property owners.
LexpressProperty.com cannot verify
each and every information, even if an
in-depth upstream data qualification
process has been conducted.
• The indicated selling price does not
always correspond to the effective
selling price. This also applies to the
rental price. This is just an indicator.
• The timeframe between the sale of
property units, the launch of real estate
projects and the actual sale of the units
can be extensive considering that a
property sale remains a long-lasting
process, particularly in the case of a
property sale to foreigners.
• Finally, some real estate projects
advertised on the website during its
launch stage might never have been
implemented. It is therefore possible
that some projects, which account
in property supply and which have
generated leads, have disappeared
from our database the following year.
There are no available stats regarding
the number of abandoned projects as a
result of this pre-launch marketing phase.
We must therefore keep these
limitations in mind while reading out the
analysis and assessments featured in
this publication. (Read paragraph about
Scope and limits on next page)
Round table discussions with real
estate professionals
Lexpressproperty team has organised
two days of round-table discussions
with 30 agencies, promoters, banks,
notaries and professional builders. They
are featured in the Contributors’ section
of the magazine.
The aim of that exercise was to check
the compliance of the trends with their
field experience. This has enabled us to
enrich the content of the magazine with
their comments, hence providing more
insights to our readers.