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Predicting property prices with machine learning algorithms

Winky K.O. Ho; Bo Tang; Siu Wai Wong

Journal of Property Research · 2020 · English · OpenAlex Scopus

This study uses three machine learning algorithms including, support vector machine (SVM), random forest (RF) and gradient boosting machine (GBM) in the appraisal of property prices. It applies these methods to examine a data sample of about 40,000 housing transactions in a period of over 18 years…