A spatio-temporal, Gaussian process regression, real-estate price predictor

Henry Crosby, Paul Davis, Theodoros Damoulas, Stephen A. Jarvis

Abstract: This paper introduces a novel four-stage methodology for real-estate valuation. This research shows that space, property, economic, neighbourhood and time features are all contributing factors in producing a house price predictor in which validation shows a 96.6% accuracy on Gaussian Process Regression beating regression-kriging, random forests and an M5P-decision-tree. The output is integrated into a commercial real estate decision engine.