Artificial Intelligence in Property Valuation: Exploring Market Dynamics and Influential Factors

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.

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Publication Details

Published
2024-12-13
DOI
https://doi.org/10.1145/3716554.3716618
Primary Topic
Housing Market and Economics
Type
article
Field-Weighted Citation Impact
0.00
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article

Artificial Intelligence in Property Valuation: Exploring Market Dynamics and Influential Factors

Athanasios Kakarountas, Ioanna Kechagia
Housing Market and Economics
article

Artificial Intelligence in Property Valuation: Exploring Market Dynamics and Influential Factors

Athanasios Kakarountas, Ioanna Kechagia
article en

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.

University of Thessaly (GR)
Openalex Percentile: Top 66%
Housing Market and Economics
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