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Abstract:
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Unlike the stock market, where bids and offers for each asset are public, with real est
ate there is no
direct contact between buyer and seller, in most of the cases, and offers made by other potential buyers
are normally not disclosed, hence most trading decisions are based on subjective valuations.
The present document reviews briefly wh
ich are the real estate valuation methods available within the
literature that has holistic point of view. Subsequent step is to identify which are the methods that can
be automated by considering the public information available on internet.
The third o
bjective is to study the applicability of the methods identified in a particular property market
such as the UK one, by establishing the roadmap to develop an automated tool that supports the
valuator establishing the optimal price of real estate assets lo
cated in this market.
Finally, a pilot will be developed and tested by followi
ng the established development
roadmap. This
should be able to automatically gather comparables’ and other relevant data from some of the publicly
available data sources and pr
esent it in a dashboard useful for the user.
This tool will allow different kind
of players involved in the real estate market (estate agents, municipal officers managing social housing,
investors, asset managers and others) to value properties in a fast
er way. |
