Endeksa Founding Partner and General Manager Gorkem Ogut: “With artificial intelligence, it is now possible to quickly analyze large amounts of data containing many factors such as location, size, facilities, market trends and historical data.”
Endeksa explained how big data analysis and machine learning techniques are transforming the real estate market and valuation-analysis processes.
According to the statement made by the company, machine learning and big data analyzes have changed the nature of real estate valuation, location analysis and forecasting services.
According to Endeksa officials, the indisputable possibilities of algorithms and big data analysis techniques and the versatile benefits they provide are gaining more importance considering the current situation of the Turkish real estate market.
In this period when prices remain volatile, taking advantage of the opportunities of scientific methods and technology is key both for all stakeholders and for the future of the Turkish real estate sector.
‘It is now possible to examine investor behavior in depth’
Endeksa Founding Partner and General Manager Gorkem Ogut, whose views were included in the statement, stated that it is now possible to examine market trends and investor behavior in more depth than ever before with techniques based on machine learning and big data analysis.
Noting that thanks to artificial intelligence, it is now possible to quickly analyze large amounts of data containing many factors such as location, size, facilities, market trends and historical data, Ogut made the following statements:
‘In this way, transparent and independent real estate value is achieved. Because algorithms cannot be subjective by nature. All they do is analyze by focusing on objective criteria and data. This transparency, of course, makes it easier to build bridges of trust between stakeholders. This completely eliminates any disagreements or disagreements that may occur during the valuation process.’
Ogut stated that when Endeksa users enter basic information about their real estate, they can quickly access many details such as the sales and rental price, as well as the investment value of the area and the facilities nearby, and gave the following information:
‘Regional square meter sales prices, annual value changes and future value increases of not only residences but also plots and lands can be easily learned. In short, this technology enables real estate investors to make the right decisions by making more detailed analysis. Since the day it was founded, the value of 4 billion square meters of land and more than 5 million houses has been determined with Endeksa.’
Source: AA / Prepared by Irem Yildiz