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Enhancing Property Valuation with AI – online workshop

24 September 2024

FIG Commission 9 on Valuation and the Management of Real Estate invite to this webinar. Get insights from Nicosia's Apartment Market


 

60-Minutes-Knowlege-Session Online

“To keep us warm” (Thomas Dimopoulus)
 
On behalf of the Scientific & Organizing Board: Peter Ache, Małgorzata Renigier-Biłozor, Artur Janowski, and Thomas Dimopoulos, we are pleased to invite you for our

Global Online 60-Minutes-Seminar No. 2 Enhancing Property Valuation with AI Insights from Nicosia's Apartment Market

The Seminar is organized by FIG Commission 9, University of Warmia and Mazury, Institute of Spatial Management and Geography, Institute of Geodesy and Civil Engineering, and Neapolis University in Pafos.

The seminar is scheduled for 24 September 2024 at 14:30 CET.

The event will feature a keynote presentation by Thomas Dimopoulos, a board member of IVSC, founder of AXIA Chartered Surveyors and Head of Real Estate Programmes at Neapolis University. Key topics to be covered include various aspects of using AI and mathematical models for property valuation, focusing on apartments in Nicosia. Key topics include:

  • Studied Database: Analysis of 3561 sales data of apartments/offices in Nicosia, including variables like urban planning data and adjusted prices.

  • Artificial Intelligence Algorithms: The use of AI in mass appraisal research, including ethical considerations and potential applications in various fields.

  • Mathematical Models: Discussion of different regression models (univariate, multivariate, higher-order) and their accuracy in predicting property values.

  • Outliers: Identification and handling of outliers in the dataset.

  • Artificial Neural Networks: A comparison of traditional regression methods with neural networks, focusing on the accuracy and reliability of predictions.

Discussion: Examination of the implications of using AI and mathematical models in real estate valuation, addressing concerns about replacing human judgment with machine intelligence.

Register here
After registration you will get the link a few days before the seminar starts.

With best Regards:

  • Peter Ache, Chair of the FIG Commission 9 “Valuation and the Management of Real Estate” (Contact: peter.ache.fig@achemail.de)
  • Dr hab. inż. Małgorzata Renigier-Biłozor, University Professor

  • Dr hab. inż. Artur Janowski, University Professor

  • Dr. Thomas Dimopoulos, University Professor

Peter Ache
September 2024