Better Forecasting

Real Estate Development

In a world without crystal balls, forecasting is a serious business. Time series forecasting helps us understand where property markets are heading in the future. Data science models can now use huge amounts of data from hundreds of different data sources in their forecasting efforts. The result of these advancements will be better investments, developments, and greater financial returns.

Benefits for the company

This strategy helps the companies by correctly allocating the resources, investments by having an knowledge of the real return on investments in the future.

Feasability

High

Type of expertise/ AI domain

Regression Techniques, Random Forest – Gradient Descent

Internal data required

Historic Property data, Customer Demographic Data

External data possible

Public Data, Demographics Data, Market Information, price/square meter, neighborhood quality, etc

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