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A Comparison of Grading Models for Neighborhood Level of Family Housing Units

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  • Zeynep Gamze Mert
  • Serhat Yilmaz
  • Ertan Mert

Abstract

More recently Turkey has witnessed fast housing development and real estate sector growth because of the mortgage preparations. With this development, property location quality has been considered important for selecting and paying them. This study uses a data set of new single family housing units in Kocaeli University Campus Area. By using 4 location quality criteria, 27 single family housing units are graded at the neighborhood level. It is aimed to examine the applications of grading property at the neighborhood level based on property location quality by testing with three methods. Traditional method and fuzzy logic method were discussed in our antecedent studies. In this study, an easy used numerical calculation method; Neural Networks (NN), is introduced. Its grading performance is compared with the previous methods. NN method is found to be more accurate and realistic than traditional grading approach where its designing stage is more practical and faster than fuzzy logic approach.

Suggested Citation

  • Zeynep Gamze Mert & Serhat Yilmaz & Ertan Mert, 2011. "A Comparison of Grading Models for Neighborhood Level of Family Housing Units," ERSA conference papers ersa11p966, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa11p966
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    1. Allan Din & Martin Hoesli & Andre Bender, 2001. "Environmental Variables and Real Estate Prices," Urban Studies, Urban Studies Journal Limited, vol. 38(11), pages 1989-2000, October.
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