Utilization of Government-Based and Non-Conventional Indicators for Property Value Prediction in the Philippines
The paper highlights the challenges in property appraisal in the Philippines, including human errors and biases due to subjective pricing and limited understanding of the impact of local amenities.
The paper highlights the challenges in property appraisal in the Philippines, including human errors and biases due to subjective pricing and limited understanding of the impact of local amenities. It suggests incorporating alternative data into predictive models, traditionally based on house features and market prices, to enhance accuracy in property valuation, especially in developing countries with similar issues.
Discover more about these innovative approaches in the full paper:
