Real Estate Price Prediction

Reliable and Accurate Real Estate Price Prediction Model Using Machine Learning

  • Publication date: 16/03/2025

We recommend reading the article "A Review: Real Estate Price Prediction using Machine Learning with Research and Trends", a study published in 2024 at the IEEE International Conference on Computing, Power and Communication Technologies (IC2PCT). This paper provides an overview of how machine learning techniques are applied in real estate price prediction, analyzing current trends and research in the field.

The article highlights that real estate data possess specific characteristics, such as time on the market, price variables, and geographic location. These factors present challenges in analysis, including spatial variability, data quality, feature selection, overfitting and underfitting issues, as well as limitations in generalization ability. Additionally, it underscores the importance of properly handling data noise, missing values, and data timeliness.

The authors review various machine learning techniques used in real estate price prediction, including:

Regression-based methods

Decision tree models

Deep learning approaches

Spatial analysis and geographic information systems (GIS)

The study concludes that the use of advanced machine learning techniques, combined with a deep understanding of real estate data characteristics, can significantly improve price prediction accuracy.

However, it also emphasizes the need to address challenges such as data quality and model interpretability to ensure practical applications in the real estate market.

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CMC's main objective is to offer comprehensive management in its two key areas: asset management and property management. This includes the formulation of medium- and long-term strategies for optimizing real estate assets, as well as daily operational management. The latter encompasses revenue control, customer service, and supervision of operating expenses.
In summary, CMC provides specialized investment and financial advisory services for those interested in buying, selling, or investing in properties. Its approach is based on rigorous research and analysis to ensure the economic and financial viability of each project.
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