There are many tactics used by different people to gauge the position of the real estate market of a company. While some people love to use the basics of supply and demand directly in the real estate market, there are others that will take a look at related industries such as money lending, tourism and hospitality and gauge the property market indirectly through the conditions of those markets.
Taking a look at the success of companies involved in real estate is somewhere in between those two tactics in terms of direct inference from the state of the property markets. InfoVision Consultants, or ICON for short, is definitely a company that is involved in real estate, although their angle is very different from most of the real estate companies around.
ICON provides other real estate property companies with management software that is specific to the needs of the real estate market, software that includes customer planning and resource allocation models that are specific to investment in a real estate market.
The interesting part of the story however, is that many analysts will take a look at the performance of ICON and companies like it to gauge the growth of the private sector when it comes to real estate property investment. The thinking on this level is that if more real estate companies are successful, then ICON will get more orders for their products. And of course if more real estate companies are successful, then it means that the market must be doing well.
Tracking the success of companies like ICON is an interesting outside-the-box way of indirectly tracking trends in the real estate property market and many analysts will use it as a way to confirm assumptions taken from other forms of analysis.
So how is ICON doing? Well, the Bahrain-based company is doing exceptionally well and the demand for their RealPro and MaxPro software packages has gotten to a level high enough that the company is expanding their operations and bringing other partners in on the business. In other words, demand for their software is increasing from real estate developers and property investors that are making strong profits through investment in the property markets of Bahrain and other Middle East hotspots.
