„April showers bring May flowers!“ We at IZ Research like to be quick off the mark so we have decided to give our clients those May flowers already in April by providing our latest update of the Structural and Market Data in IZ Cities from 23 April 2021.
„Gaining an overview of a city’s key socio-economic factors often means that researchers and market analysts need to painstakingly compile data from a variety of sources. The better approach, however, is to use a single, well-structured and comprehensive data source that is automatically updated – and this is exactly what we have achieved with the new release of IZ Research,“ says Ingeborg Maria Lang, Head of Digital Research.
Demographic, labour market-related, economic and geospatial data can still be found as usual in our structural data table. However, a new feature connects IZ Research to the official regional statistics (RegioStat), which means in future we will obtain the data directly from the primary source and import them immediately and completely updated into IZ Research.
„For our clients, this provides several advantages: The instant data feed into IZ Research allows direct access to the official statistical data, and always exactly when they have been updated in the primary source. This ensures high data quality and consistency,“ explains Lang.
As part of this process, we have also reorganised the structural and market data tables and expanded our range of data in certain places. For example, in the structural data table under the „Economics and Taxes“ tab you will now find additional data sets on tax revenue and the respective tax multipliers for 12,700+ cities and municipalities. Furthermore, the „Demographics and Households“ tab offers forecasts on population development for the years 2025, 2030 and 2035.
Two tabs have also been moved to fit better into the context: The data on the regional housing market supply (current total amounts, completions and building permits), previously integrated under the „Real Estate and Construction“ tab in the structural data table, can now be found under the „Supply Housing Market“ tab in the Market Data – Residential table„. In addition, purchasing power data has been combined under the new „Purchasing Power“ tab in the Market Data – Retail table.
„Wherever we use data from the primary source RegioStat, we have reimported the data, always with reference to the year of the data collection and also retrospectively in chronological sequence, so that there are no data inconsistencies. Nexiga GmbH remains our reliable data partner, among other things for data on purchasing power, office employment and gross value added,“ explains Lang.
Furthermore, you can now find the new IZ Research Online Glossary with all definitions and further explanations of the structural and market data. These are clearly sorted by subject and asset class from A to Z and include a reference to the original source.