Numbeo (www.numbeo.com) allows visitors to share, calculate and compare information about cost of living and properties. It crunches numbers and extract useful and interesting information. The software at Numbeo allows visitors to add and compare indexes for cost of living and residential properties. Visitors can share their local information about restaurant prices, groceries, transportation, utilities, rents, salaries and price of residential properties. Numbeo allows visitors to compare this information with derivated indexes such as consumer price index, domestic purchasing power and others. The correlation of cost of living and residential properties is observable. People who analyze state of residential properties look at information like house price to income ratios, loan affordability index, price to rent ratios, gross rental yields. GDP growth rate and population growth rate influences frequently the increase in price of properties in a particular country over time.
Comparing to other free Internet software worldwide for cost of living and property investment analysis, our software is the best. It is best because all data are available public, it automatically calculates indexes from user contributed data, visitors can compare all data and we cover the whole world. During the test launch in late May 2009, silent to media, I informed friends mostly through Facebook to collect some data to get the ball rolling. At the moment of writing this message Numbeo have information for 233 cities worldwide in the database and it’s growing fast.
People want good tools to be able to analyze the worldwide cost of living. People are reluctant to invest in properties. They want more information and tools about property markets. They find Numbeo useful.
Mladen Adamovic
Numbeo.com Founder
