Geospatial Analysis Model of Real Estate and Land Management

A spatial geographic analysis is implemented in order to examine the combined effects of a few relevant geographic parameters (effects) on real estate assets within a GIS workspace. As real estate assets are location-based by nature, the GIS/LIS workspace is obviously the proper environment for geospatial analyses. This paper describes a study case from the city of Haifa, taking into account urban and geographic parameters to indicate their effect on real estate assets' prices. The spatial analysis process is described, using classification, distance buffers and raster reclassifying methods. The mutual effect is calculated based on map algebra theory. Actual prices of real estate assets were collected from appropriate websites in order to enable quantitative examination of the resulting quality. The model results were presented as a 2.5D model, compared to the actual prices of the real estate assets, and satisfying results have been obtained. The case study was carried out in Israel, but it can be implemented in other parts of the world, including the South-Eastern European region.