Emerging GIS Technologies in Real Estate Market Analysis
Journal: RevCAD Journal of Geodesy and Cadastre (Vol.-, No. 35)Publication Date: 2023-12-31
Authors : S. Chiorean T. Sălăgean I. Pop F. Matei J. Deak;
Page : 11-20
Keywords : GIS; real estate; market analysis;
Abstract
The aim of this study is the integration of new technologies in real estate market analysis that has significantly transformed the way professionals and investors evaluate properties, make predictions, and assess market trends. GIS technology helps in mapping and analyzing real estate data spatially. It provides valuable insights into locationbased factors, such as proximity to amenities, transportation networks, and environmental factors, which influence property values and investment decisions. Modern GIS platforms offer interactive mapping tools that allow users to visualize property data on maps. Potential buyers and investors can explore properties visually, understanding their geographical context and nearby attractions, which aids in decision-making. By incorporating these new GIS technologies, real estate market analysis has become more data-driven, precise, and efficient.
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