Villa Market Prices Now Estimated by AI Algorithm
Comprehensive Data and Transaction Information Available on Naver Pay
Users can now check villa market prices, actual transaction prices, and complex information on Naver Pay (Npay) Real Estate.
On August 29, Naver Pay announced that it is launching a villa market price and actual transaction price service.
Villas have lower transaction volumes compared to apartments and officetels, making it more difficult to gauge market prices. With the launch of this new service, users can now access comprehensive information. Like the apartment listing information, this service can be used without logging into Naver.
The villa market prices are estimated by AI for each floor and unit. In addition to actual transaction prices, the algorithm calculates prices by integrating spatial, public, and financial data. The reliability of the estimates is indicated in four stages, from A to D.
Based on building register information, users can also check detailed complex information such as the villa's approval date, number of households, parking spaces, presence of elevators, designated elementary school, and development plans.
A Naver Pay representative stated, "We have launched this service so that users who previously found it difficult to check accurate villa market prices can now trade with confidence. We also plan to link the service so that users can sign up for jeonse deposit return guarantees for the villas they view."
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