Artificial Intelligence in Property Valuation: Exploring Market Dynamics and Influential Factors
Year: 2024
Type: conference-paper
Abstract: This paper presents an innovative research on real estate valuation that visualizes dataset of property sales and Points of Interest(POIs) with the help of Artificial Intelligence (AI).The model effectively captures the impact of factors, such as location and accessibility to amenities, on property prices.Machine learning algorithms identify patterns in the property market, significantly enhancing the predictive capabilities of value.There is a reference to the possibilities of integrating AI into real estate valuation compared to the traditional models used.The results provide information for making logical and well-supported decisions for buyers and stakeholders.
Authors: Ioanna Kechagia, Athanasios Kakarountas
Institution: University of Thessaly
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W4410825950