Home Metrics

Abstract

In Pakistan, Real Estate Industry is worth around $700 billion and total number of big investors in Pakistan is 2608 but a unique aspect of Pakistan’s real estate market is that the industry hits record highs and lows within a span of a few years. Elsewhere in the world, the real estate industry more or less follows a steady growth rate. So, due to the lack of knowledge about market position and variation in prices of properties of different areas, many investors lose their money in property business. Home Metrics is a web application which helps investors, property dealers and home owners and buyers to analyze the property trends in Islamabad. It predicts the future prices based on location, area and previous prices. With the future price prediction investors have an idea where to invest the money and lessen the risk of money loss. Investors can also create their portfolio and add details of their properties in Home Metrics and it will display the current prices and estimates the future prices with the ROI of their properties. Different algorithms of Data Mining, Artificial Intelligence and Machine Learning are used to predict the future price. Home Metrics responds within 5 seconds. Depending upon the available data Home Metrics is capable of predicting future prices and ROI with 75% accuracy.