IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2024-091.html
   My bibliography  Save this paper

Forecast of residential real estate prices in Slovakia using of neural networks

Author

Listed:
  • Miroslav Pánik
  • Andrej Adamušin

Abstract

The current turbulent development in the real estate market, not only in Slovakia but throughout Europe, is caused by several crises that have a global impact and partially resemble the situation in the market 15 years ago. One factor that negatively affects the real estate market in Slovakia is the lack of residential real estate. In the long term, the demand for housing significantly exceeds the supply of apartments.The article analyzes the prices of real estate intended for housing in Slovakia. It defines economic, demographic and social factors that have a significant impact on the development of real estate prices. The methodology of statistical data collection differs considerably in the developed countries of the EU. Národná banka Slovenska has been publishing quarterly data on real estate prices since 2005. Development modeling is possible, for example, using correlation and regression analysis, which is well known. In the presented article, the forecast of housing prices will be realized with the help of artificial intelligence - neural networks.

Suggested Citation

  • Miroslav Pánik & Andrej Adamušin, 2024. "Forecast of residential real estate prices in Slovakia using of neural networks," ERES eres2024-091, European Real Estate Society (ERES).
  • Handle: RePEc:arz:wpaper:eres2024-091
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2024-091
    Download Restriction: no

    File URL: https://architexturez.net/system/files/P_20240115120539_2899.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Artificial Intelligence; Forecasting; Neural Networks; residential real estate prices;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2024-091. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.