Artificial Intelligence Revolutionizes Real Estate

The real estate sector has begun a technological revolution. Now, analyses that used to take days to complete can be finished in minutes when buying a home or investing. Artificial intelligence prevents buyers from making emotional decisions and paying more than the value of a property, while also opening the door to investing at the right price. Evaluating the transformation in the sector, Parcel Estates CEO Özden Çimen stated that regional analysis, rental income, population growth, and transportation projects, which used to take days, are now analyzed in seconds using artificial intelligence algorithms. Çimen emphasized that this enables investors to make more accurate, risk-free, and data-driven decisions. The most common areas of artificial intelligence usage in the real estate world, which accelerates operational processes, are as follows: Çimen pointed out that the most common problem in field sales is buyers making emotional decisions, and that many people pay more than the market value. Describing artificial intelligence as a neutral consultant, Özden Çimen said, 'Artificial intelligence examines comparable sales and regional data, providing objective warnings such as 'This property is 12% more expensive than its counterparts' or 'The rental increase in this area is above the city average.' This allows the investor to see not only the current price but also the potential value increase over the next 5 years.'