What is AI in the real estate market
Artificial intelligence is based on analyzing large volumes of data to draw useful conclusions. In the real estate sector, this means that algorithms gather and cross-reference information from listings, public records, historical price data, and demographic details in order to evaluate properties, identify trends, and personalize recommendations. AI does not replace humans but enhances them. Filtered data and visualizations assist in better decision-making.
Advantages of using AI for buying or renting
The use of AI allows you to compare areas based on specific criteria such as average price per square meter, average rent, demand trends, or infrastructure. In just a few seconds, you can see which areas are rising or falling, calculate potential rental yield, and receive personalized suggestions based on your budget and goals. This saves time and reduces the likelihood of making a wrong choice based on rumors or uncomfortable comparative data.
How it works in practice
The Spitigkonzalez platform combines data from gov.gr, updated listings, and internal datasets, processing them with algorithms. The results are presented with clear charts and tables showing, for example, price changes by area, average cost per square meter, the number of new listings, or weekly trends. Instead of searching through thousands of listings, users see consolidated data relevant to them in real time.
How do you see which areas have risen or fallen?
Instead of comparing individual listings, AI processes hundreds of entries and immediately shows you which areas have experienced fluctuations. For example, in a weekly analysis, you can see that an area like Nea Penteli experienced a significant increase in rental prices within a week, while other areas showed slight decreases. All of this is displayed in a graphic with percentages, average prices, and the number of new listings, so you can quickly decide if it’s worth exploring those areas.
Frequently Asked Questions
What is AI in the real estate market?
Artificial intelligence analyzes large volumes of market data to provide forecasts, investment evaluations, and personalized suggestions for buying, renting, or investing.
How can I utilize the data?
Through platforms like Spitigkonzalez.gr, you can identify areas with better returns, compare prices per square meter, and receive personalized recommendations based on your budget and goals.
Which areas in Greece offer better returns?
Returns constantly vary. For example, recent weekly analyses of the rental market by Spitigkonzalez showed areas like Nea Penteli with significant increases in rental prices during the current period, while other areas experienced decreases. Monitoring in real time provides an accurate picture for each area.
Are the data reliable?
The data comes from official and credible sources (e.g., gov.gr, data banks) and from listing analyses. They are continuously updated so that the analyses reflect the actual market situation.