Artificial Intelligence Has Changed the Real Estate Industry Forever

Artificial intelligence is redefining efficiency, speed, trust and cost criteria for the industry in Turkey and around the world

The real estate sector, which meets one of the most basic human needs, housing, and is also one of the most popular investment areas in Turkey, is being restructured with this transformation. Machine learning and big data analytics have forever changed the nature of services that deliver real estate valuation, location analysis, and insights. This is now an undeniable fact of the market. In Turkey, as well as all over the world, from Hong Kong to Miami, this trend is rising at a dizzying pace.

Endeksa, one of the most important examples of the use of artificial intelligence in our country, offers real estate value accounting using big data analysis and artificial intelligence methods, thereby enabling users to sell real estate with confidence.

Stating that machine learning and techniques based on big data analysis, it is now possible to study market trends and investor behavior in as much depth as previously possible Görkem Öğüt, Co-Founder and Managing Director of Endeksa, “With artificial intelligence, it is now possible to quickly analyze large amounts of data, including many factors such as location, size, possibilities, market trends and historical data. In this way, transparent and independent real estate value is achieved. Algorithms cannot be subjective by nature. All they do is analyze with a focus on objective criteria and data. This transparency, of course, makes it easier to build bridges of trust between stakeholders. This also completely eliminates any disputes or disagreements that may occur during the valuation process.

When Endeksa users enter basic information about their real estate, they have quick access to many details, such as the investment value of the region and nearby amenities, in addition to the sale and rental price. The annual value changes and future value increases can be easily learned not only of dwellings, but also of land and land, as well as regional square meter sales prices. In short, this technology allows real estate investors to make the right decisions by making more detailed analyzes. Since the day it was founded with Endeksa 4 billion square meter of area from 5 million The value of excess housing has been identified.”

Exact time for Turkey market

According to Endeksa officials, the indisputable possibilities of algorithms and big data analysis techniques and the multifaceted benefits they provide are becoming even more important given the current state of the Turkish real estate market. The increase in housing prices continues at a slower pace. Growth in the value of housing prices across Turkey in October, according to Endeksa data 5.17% This was the annual increase, while the annual increase 103% at the level. In this period when prices remain volatile, taking advantage of scientific methods and the intelligent possibilities of technology is key for all stakeholders and for the future of the Turkish real estate sector.

The heart of the market beats here

In summary, real estate valuation based on contemporary technology, location analysis and presentation of relevant insights to all market players through scientific methods has changed the nature and structure of the market forever. It has enhanced the market's ability to operate through precise, efficient and transparent analysis and valuations, and will continue to shape the future of real estate finance in an even more profound way as we understand this undeniable role even more deeply. For this reason, all market participants must adapt to the changing times without wasting any more time and take advantage of these possibilities to reach more efficient decisions with more accurate analysis. How much we can use the seamless and effective nature of AI to help the development of the real estate industry will determine the future of the market.