A data driven intelligent system of real estate appraisal

Abstract

In real estate mortgages, it is an important issue to evaluate property accurately in order to guard against security risks. Based on the analysis of current China's real estate market, we present the necessity of intelligent system of property value assessment and conduct analyzing and studying by the most widely used market comparison approach. Based on the analyzing work, we design and implement an intelligent appraisal system with the function of data storage, real estate appraisal, data analysis, etc. Designing systems with intelligent evaluation function helps to solve current problems that conclusions of value have been influenced too much by human intervention in the real estate appraisal market.