Predicting Property Price Change for Better Valuation

Residential property valuation relies heavily on properties sold nearby. In other words, relying on the past. However, property prices change all the time. Therefore, valuations based on historical records need to be adjusted (up or down) according to the current, or even better, short-term market trends. This involves predicting the change before it has happened!

Using various datasets, I trained a simple ML model to predict price change and plotted the results on a map.

According to the prediction, the change ranges between -10% and +11% across the UK.

Once the ML model is verified, I will incorporate it into AccuVal. AccuVal is an AI based automated valuation tool that’s among the best in the UK, and it’s completely free to use.

By Jaafar

Founder of AccuVal