Wednesday, March 09, 2016

Predicting Future Property Prices

Reaktor: Kannattaako Kauppa is a Finnish real-estate map which predicts property price trends and prices. The map has now been updated to show the predicted price trends for apartments in Finland for 2017.

The map presents two choropleth layers which show Reaktor's 2017 predictions for each postcode area and the current average housing price in each area. If you select a postcode area on the map you can also view the price per square meter per year since 2005.

Reaktor's apartment price forecast model looks at the underlying trends in price levels over time in each postcode area to predict 2017 price trends and prices. You can read more about Reaktor's forecast model in this post on rOpenGov - A hierarchical model of Finnish apartment prices.

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