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Real Estate, Geography and

  • By: Grant Thrall
  • In: Encyclopedia of Geography
  • Edited by: Barney Warf
  • Subject:General Geography, Earth & Environmental Science

Real estate market analysis is executed using highly sophisticated geospatial analytic procedures, geospatial technology, and geospatial databases. The objective of geospatial real estate market analysis is to improve real estate decisions regarding all kinds of real property. Beneficiaries of real estate geography include individual real estate consumers, individual real estate investors, large Real Estate Investment Trusts (REITs) and pension funds, financial institutions, multibranch retailers, advisory firms, economic development agents, and others holding real estate assets.

Real estate market analysis is the “location, location, location” of real estate. Real estate market analysis is essentially “information arbitrage,” that is, the generation of small but important advantages in useful information about real estate opportunities (Thrall, 2002) and transacting on that knowledge. Geographic information systems technology, geospatial analysis, and geospatial ...

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