Moderator’s note: moved from this topic: Choosing a confesseur - #29 by Lee
On the topic of which price estimate to use for a first round of assessment of our financial viability, I had a look at a real estate project in Avenue Van Volxem. It’s 26 apartments, newly build, on 3 floors. Except for the absence of any common spaces or a garden, it could be a template for The Reef?
I was interested in two things:
- The price per square meter
- The price fork
I gathered all the data that were available in an Excel sheet (internal link) (the price of flats that are sold is taken offline).
I am not very good with numbers, so I’ll leave that to somebody else. What I think I see is this:
- The architects’ price estimation for The Reef is in line with this project (except that we would have a lot of common spaces)
- The price fork seems rather small
- I don’t think we have enough data to see what determines whether some flats are more or less expensive (we would need to check the plans)
Hope this helps!