This paper follows the recent literature on real estate price prediction and proposes to take advantage of machine learning techniques to better explain which variables are more important in describing the real estate market evolution. We apply the random forest algorithm on London real estate data and analyze the local variables that influence the interaction between housing demand, supply and price. The variables choice is based on an urban point of view, where the main force driving the market is the interaction between local factors like population growth, net migration, new buildings and net supply.
The Importance of Economic Variables on London Real Estate Market: A Random Forest Approach / Levantesi, Susanna; Piscopo, Gabriella. - In: RISKS. - ISSN 2227-9091. - 8:4(2020). [10.3390/risks8040112]
The Importance of Economic Variables on London Real Estate Market: A Random Forest Approach
PISCOPO GABRIELLA
2020
Abstract
This paper follows the recent literature on real estate price prediction and proposes to take advantage of machine learning techniques to better explain which variables are more important in describing the real estate market evolution. We apply the random forest algorithm on London real estate data and analyze the local variables that influence the interaction between housing demand, supply and price. The variables choice is based on an urban point of view, where the main force driving the market is the interaction between local factors like population growth, net migration, new buildings and net supply.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.