Implementation and Evaluation of a Hybrid Recommendation System for the Real Estate Market

Introduction: The real estate market has been transformed by digital technologies, especially Industry 4.0, which has made property searching and evaluation more efficient, improving its accuracy with the use of advanced algorithms. Traditional methods have been replaced by online platforms using modern machine learning (ML) algorithms, leading to the need for personalized recommendation systems to improve user experiences. Methodology: This study designed and implemented a hybrid recommendation system that combines collaborative and content-based filtering techniques. The development process involved four phases: literature review, technology selection, prototype implementation, and system deployment. Findings: The proposed hybrid model effectively addressed challenges such as data sparsity and the cold start problem, improving recommendation accuracy. In the evaluation, users indicated high satisfaction with the system’s ability to offer personalized property recommendations. Conclusion: Thus, hybrid recommendation systems can significantly improve the property search experience by offering personalized recommendations. However, further research into the applicability of the system in different domains remains a need for further exploration.

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Publication Details

Journal
Data & Metadata
Published
2024-09-05
DOI
https://doi.org/10.56294/dm2024.426
Primary Topic
Recommender Systems and Techniques
Type
article
Field-Weighted Citation Impact
0.00

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article

Implementation and Evaluation of a Hybrid Recommendation System for the Real Estate Market

Germán Sánchez Torres, Carlos Henríquez Miranda
Data & Metadata
Recommender Systems and Techniques
article

Implementation and Evaluation of a Hybrid Recommendation System for the Real Estate Market

Germán Sánchez Torres, Carlos Henríquez Miranda
article en

Abstract

Introduction: The real estate market has been transformed by digital technologies, especially Industry 4.0, which has made property searching and evaluation more efficient, improving its accuracy with the use of advanced algorithms. Traditional methods have been replaced by online platforms using modern machine learning (ML) algorithms, leading to the need for personalized recommendation systems to improve user experiences. Methodology: This study designed and implemented a hybrid recommendation system that combines collaborative and content-based filtering techniques. The development process involved four phases: literature review, technology selection, prototype implementation, and system deployment. Findings: The proposed hybrid model effectively addressed challenges such as data sparsity and the cold start problem, improving recommendation accuracy. In the evaluation, users indicated high satisfaction with the system’s ability to offer personalized property recommendations. Conclusion: Thus, hybrid recommendation systems can significantly improve the property search experience by offering personalized recommendations. However, further research into the applicability of the system in different domains remains a need for further exploration.

Data & MetadataVol. 3
University of Magdalena (CO)
Universidad del Magdalena
Openalex Percentile: Top 75%
Recommender Systems and Techniques
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Implementation and Evaluation of a Hybrid Recommendation System for the Real Estate Market — Germán Sánchez Torres, Carlos Henríquez Miranda · Data & Metadata (2024) | TGRS Research Map | TGRS