Data intelligence and real estate - machines are the real game changer

被引:3
作者
Cajias, Marcelo [1 ,2 ]
Wins, Anett [1 ]
机构
[1] PATRIZIA AG, Investment Strategy & Res, Augsburg, Germany
[2] Univ Regensburg, Regensburg, Germany
关键词
Artificial intelligence; Future of real estate; Algorithm-driven hedonic model; Multiple listing system; Positive externalities; Rent value drivers;
D O I
10.1108/JPIF-11-2021-0101
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Purpose The paper shows with two concrete examples about how algorithms are used in active real estate management. The paper also highlights that the discussion about the adoption of new technologies is crucial for market players. Design/methodology/approach The authors review the current status quo about new technologies in real estate and provide two examples of how algorithms can be used to understand locations and the value drivers of rents. Findings Location, location, location is nowadays data, data, data coupled with the knowledge of how to create life out of data. Algorithm can help to understand the value drivers of rents and can also help to evaluate the attractiveness of a location. Practical implications Real estate management will adapt to new technologies fast. This change has the potential to disrupt exiting strategies due to the increase in efficiency, insights, transparency and location knowledge. Investment managers walking this talk will definitely benefit in future. Originality/value The paper makes usage of the latest machine learning technologies applied to real estate investment cases. This is a unique opportunity on bringing light on the discussion about transparency in real estate.
引用
收藏
页码:306 / 310
页数:5
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