Irish Property Price Estimation Using A Flexible Geo-spatial Smoothing Approach: What is the Impact of an Address?

@article{Hurley2021IrishPP,
  title={Irish Property Price Estimation Using A Flexible Geo-spatial Smoothing Approach: What is the Impact of an Address?},
  author={Aoife Hurley and James Sweeney},
  journal={The Journal of Real Estate Finance and Economics},
  year={2021}
}
Accurate and efficient valuation of property is of utmost importance in a variety of settings, such as when securing mortgage finance to purchase a property, or where residential property taxes are set as a percentage of a property’s resale value. Internationally, resale based property taxes are most common due to ease of implementation and the difficulty of establishing site values. In an Irish context, property valuations are currently based on comparison to recently sold neighbouring… 

Reviewing the Effects of Spatial Features on Price Prediction for Real Estate Market: Istanbul Case

It is observed that spatial features, when incorporated with non-spatial features, significantly improve the prediction performance of the models for the house price ranges in Istanbul, Turkey, in the classification context.

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