Towards Smarter Property Recommendations in Complex Housing Market
摘要
Manual selection of real estate properties can pose considerable challenges for agents since it needs a careful balance of various factors to satisfy client requirements while also manoeuvring through the complexities of the market. Although automated valuation models are widely used to estimate property market values, they are not designed to support property recommendation tasks. To address this gap, filtering-based recommendation methods have been explored, including collaborative and content-based approaches. However, these methods face several limitations in the real estate domain. This paper proposes a recommendation methodology designed to identify houses that closely resemble a given property, allowing agents to select the best matches based on geographical and physical characteristics. To assess the performance of the proposed methodology, we employ a range of evaluation metrics that measure different aspects of the model’s effectiveness in ranking and recommending relevant items. The findings suggest that, while geographic features may slightly influence ranking behaviour, the model is capable of producing diverse and relevant recommendations consistently.