Review on the Application of Artificial Neural Networks in Real Estate Valuation

Peter, Nkolika Joy and Okagbue, H. I. and Obasi, E.C.M. and Akinola, Adedotun (2020) Review on the Application of Artificial Neural Networks in Real Estate Valuation. International Journal of Advanced Trends in Computer Science and Engineering, 9 (3). pp. 2918-2925.

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Abstract

Real estate appraisal is needed in assessment of the value of properties and contribute the regional economy of any country. Real estate valuation is thus an important subject, which has to be studied carefully as there are many individual subjective criteria, which often results in variations, which makes the traditional valuation methods to be inadequate. This work aimed at coping with the complexity of real estate valuation, by putting forth the advantages of artificial neural network, one of the novel model of real estate appraisal. The review of literature has helped to establish that the neural network model is better than the traditional model previously. This work opens up a new and better understanding to the principle of real estate evaluation.

Item Type:	Article
Uncontrolled Keywords:	Appraisal, Artificial Neural Networks, price prediction, real estate valuation, risk assessment.
Subjects:	N Fine Arts > NA Architecture Q Science > Q Science (General)
Divisions:	Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User:	Mrs Hannah Akinwumi
Date Deposited:	19 May 2022 08:47
Last Modified:	19 May 2022 08:47
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/15855

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