Technology

QuintoAndar launches new feature that allows users to compare rental prices by neighborhood

Thus far, the Brazilian startup has implemented the new feature only for São Paulo

Quinto Andar Office in Brazil
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  • Besides the average price, users can also see the upward or downward trend of the rental by region and compare the performance month by month;
  • The new feature serves as a framework for understanding what is happening in a given region.

Brazilian home rentals startup QuintoAndar has launched a new feature in its platform, allowing users to compare prices of properties depending on the neighborhood they are located. Available, so far, in São Paulo, QuintoAndar aims to implement the tool in other cities soon. 

“It serves as a framework for understanding what is happening in a given region. If I am evaluating a property I want to know what is happening and have a reference of the average price practiced. I think it helps the investor,” told Caio Oliveira, Head of Product for QuintoAndar, to Valor Investe

READ MORE: QuintoAndar is already in 25 Brazilian cities and has plans for Latin America in 2020

In addition to watching property prices in 35 neighborhoods announced on QuintoAndar, the feature receives a new announcement every 40 minutes only in the city of São Paulo. Besides the average price, users can also see the upward or downward trend of the rental by region and compare the performance month by month. 

The Brazilian real estate startup began in 2012, in the city of Campinas, and years after caught the attention of giants, such as the Japanese fund SoftBank. It was with an investment round led by the fund in September of this year, that QuintoAndar raised $ 250 million, reaching a valuation of more than $ 1 billion and becoming a unicorn.