Improvements in the civil engineering focused on the real estate appraisal with the use of artificial intelligence and fuzzy logic

Abstract

In the field of civil engineering, there are some traditional methods of property evaluation that deal with these techniques. However, there is controversy about what would bring the best performance, a greater degree of ease and clarity without presenting multicollinearity. This controversy is due to the difficulty of finding appropriate predictive variables in real estate valuation since they often do not fit the binary model, involving human subjectivity. From this, the research aims to propose improvements in the property evaluation process with the use of artificial intelligence without presenting the effects of multicollinearity and autocorrelation, to predict the value of the real estate market. The object of study is a standard 2-bedroom residential apartment with 48m-2 located in the central area of Jelgava, Latvia, in October 2019. Therefore, the methodology uses statistical inference as an initial analysis parameter and the fuzzy logic incorporates the best association rules which are originated from artificial intelligence extracted from the apriori algorithm. Finally, the results obtained by regression and fuzzy were compared with the value in euros m-2, according to the official publication of the government of Latvia, referring to the market value of a 2-bedroom residential apartment in the city of Jelgava, Latvia, in October 2019, this government publication is the reference for this study. The statistical hypotheses that allowed its validation were accepted. In the Fuzzy model, the results indicated an excellent equivalence to market prices in relation to the traditional valuation process.

Property evaluation based on ambiguous logic through building inspection in São Paulo city, Brazil

“…The liberty has been consolidated, as well as the possibility for different choices has become a reality among citizens of the Baltic countries (Gräzin, 2020), added to the process of access to housing that also undergoes changes after the Soviet era (Vihalemm, Juzefovičs, & Leppik, 2020). In Latvia, there is an academic proposal dealing with improvements in the process of evaluating residential properties with the use of heuristics, artificial intelligence combined with building inspection, and civil engineering techniques (Surgelas, Pukite, & Arhipova, 2020). By the way, it is relevant in the Baltic since in these countries there is a strong inheritance from a hard time, where individuals for many years had little or no possibility of the choices (Anušauskas et al, 2007).…”