Abstract

Land Values Analysis: A Pragmatic Approach for Residential Properties
Track: Real Estate
Authors: Tony Liu, Emilio Solano, Guillermo Araujo

We will present a pragmatic approach known as multivariate geostatistics land value modeling. Geostatistics is a branch of statistics concentrating on spatial (or spatiotemporal) datasets and the advancement of multivariable geostatistical modeling. This approach is more effective for land valuations simply because land values are strongly associated with spatial (or spatiotemporal) phenomena.