Scalable Property Valuation Models via Graph-based Deep Learning

Fuente: arXiv
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Auteurs principaux: Riveros, Enrique, Vairetti, Carla, Wegmann, Christian, Truffa, Santiago, Maldonado, Sebastián
Format: Preprint
Publié: 2024
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author Riveros, Enrique
Vairetti, Carla
Wegmann, Christian
Truffa, Santiago
Maldonado, Sebastián
author_facet Riveros, Enrique
Vairetti, Carla
Wegmann, Christian
Truffa, Santiago
Maldonado, Sebastián
contents This paper aims to enrich the capabilities of existing deep learning-based automated valuation models through an efficient graph representation of peer dependencies, thus capturing intricate spatial relationships. In particular, we develop two novel graph neural network models that effectively identify sequences of neighboring houses with similar features, employing different message passing algorithms. The first strategy consider standard spatial graph convolutions, while the second one utilizes transformer graph convolutions. This approach confers scalability to the modeling process. The experimental evaluation is conducted using a proprietary dataset comprising approximately 200,000 houses located in Santiago, Chile. We show that employing tailored graph neural networks significantly improves the accuracy of house price prediction, especially when utilizing transformer convolutional message passing layers.
format Preprint
id arxiv_https___arxiv_org_abs_2405_06553
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Scalable Property Valuation Models via Graph-based Deep Learning
Riveros, Enrique
Vairetti, Carla
Wegmann, Christian
Truffa, Santiago
Maldonado, Sebastián
Machine Learning
Artificial Intelligence
This paper aims to enrich the capabilities of existing deep learning-based automated valuation models through an efficient graph representation of peer dependencies, thus capturing intricate spatial relationships. In particular, we develop two novel graph neural network models that effectively identify sequences of neighboring houses with similar features, employing different message passing algorithms. The first strategy consider standard spatial graph convolutions, while the second one utilizes transformer graph convolutions. This approach confers scalability to the modeling process. The experimental evaluation is conducted using a proprietary dataset comprising approximately 200,000 houses located in Santiago, Chile. We show that employing tailored graph neural networks significantly improves the accuracy of house price prediction, especially when utilizing transformer convolutional message passing layers.
title Scalable Property Valuation Models via Graph-based Deep Learning
topic Machine Learning
Artificial Intelligence
url https://arxiv.org/abs/2405.06553