house price index system fyp-i presentation. what is house price index system? web-based application...
TRANSCRIPT
What is House Price Index System?
• Web-based application that measures the price changes of residential properties.
• These indices are indicators of the current state of the housing market.
Why HPI ?
• No platform available in Pakistan that provides information about property’s worth based on price movements in the region.
• To buy or sell property people have to go through different estate agents
• They mostly end up buying at high prices and selling at the wrong time.
How it works?
• Estimates the current value of a residential property on the basis of different factors that affect the value of a house over a certain period of time.
• The user can find the percentage change in the value of the property they own.
Factors for Calculating HPI
• Age
• Size
• Location
• Type of property
• Number of times sold
• Number of bedrooms
Percentage Change in Property Prices.
• Show the percentage change in price within a certain interval of time.
• Comparison of the prices at which user purchased and is about to sell the property.
Google Map Integration
• A map would be provided so that people can visualize the trends of housing market in different regions.
Trend Analysis
• When user selects a particular region on the map change will be shown on
1. Monthly basis
2. Quarterly basis
3. Annual basis
• Land Registry: http://landregistry.data.gov.uk/app/hpi
• Mouse Price: http://www.mouseprice.com/house-prices