Big Data Analytics in Real Estate Valuation: A systematic literature review
Keywords:
Big data analytics, real estate, valuation, systematicAbstract
This systematic literature review (SLR) assesses the applicability of big data analytics in real estate valuation by examining 77 studies published between 2018 and 2023. The findings reveal that this is an emerging research area with a growing body of literature. Key application contexts identified are property price prediction, property rental prediction, land value prediction, and property price indexing, with takeaways suggesting that big data analytics has the potential to enhance the accuracy of property valuation. Building on these insights, this study develops a comprehensive framework to synthesise the existing literature and serves as a foundation for future researchers.
References
Alfaro-Navarro, J.-L., Cano, E. L., Alfaro-Corte ́s, E., Garcı ́a, N., Ga ́mez, M., & Larraz, B. (2020). A Fully Automated Adjustment of Ensemble Methods in Machine Learning for Modeling Complex Real Estate Systems. Complexity, 1-12.
Azizi, I., & Rudnytskyi, I. (2022). Improving Real Estate Rental Estimations with Visual Data. Big Data and Cognitive Computing, 6(3), 1-21
Chai, W., Labbe, M., & Stedman, C. (2021, December). Big Data Analytics. Retrieved from TechTarget: https://www.techtarget.com/searchbusinessanalytics/definition/big-data-analytics.
Folger, J., & Mansa, J. (2023, July 19). What You Should Know About Real Estate Valuation. Retrieved from Investopedia: https://www.investopedia.com/articles/realestate/12/real-estate-valuation.asp.
Khaled, S., & Dhar, T. T. (2019). Real Estate Property Valuation Process: Valuation of a Hypothetical Property. 63-73.
Khobragade, A. N., Maheswari, N., & Sivagami, M. (2018). Analysing the Housing Rate in a Real Estate Informative System: A Prediction Analysis. International Journal of Civil Engineering and Technology (IJCIET), 9(5), 1156-1164.
Kok, N., Koponen, E.-L., & Martínez-Barbosa, A. (2017). Big Data in Real Estate? From Manual Appraisal to Automated Valuation. Special Real Estate Issue, 202-211.
Lifang, Z., Likeya, M., Yang, L., & Dorgizaba. (2023). Residential Rent in Wuhan Based on Geometric Brownian Motion Model Fluctuation Fitting and Prediction. 8th International Conference on Big Data Analytics (pp. 87-93). Harbin, China: IEEE.
Nei, P. G., Tobi, S. M., & Jasimin, T. H. (2023). Big Data Application in Automated Valuation Model for Valuation Process. Journal of Advanced Research in Business and Management Studies, 30(1), 1-15.
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Nur Edrina Muhammad Nazrin, Abdul Hadi Nawawi, Aida Wati Zainan Abidin, Edie Ezwan Mohd Safian

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.