Sakneen launches an algorithmic pricing tool to change the way people search for homes, which is an entirely new experience for its users, Invest-Gate reports.

Across specific compounds in Cairo, the platform users can now see all homes on a map, including their own, with estimated market values as well as a number of relevant data points such as cost-to-finish and rental potential.

The Sakneen valuation is an algorithm-based estimate of the value of a home, reflecting what the property would command in the market today were it to be listed for sale.

The algorithm is powered by over 30 data points from multiple sources including land cost, location, historical transaction data, satellite information, and inputs from developers’ listing prices.

Furthermore, Sakneen is launching with major projects in the 6th of October area – including Palm Hills, New Giza and Pyramids Heights (with over 3,000 unique units) and will expand to East Cairo, Downtown and the North Coast to cover all major compounds & new developments.

The service will be free for all users who will benefit from a smarter, more enjoyable and fully transparent home search experience.

Thus, anyone interested in real estate can virtually browse homes with the map as a visual guide and gain a better understanding of the real estate market, through sakneen.com.

It’s noteworthy that Sakneen is a Y Combinator-backed start-up and a PropTech company leveraging tech & data to digitize the home buying experience.