House Price Index System

FYP-I Presentation

What is House Price Index System?

• Web-based application that measures the price changes of residential properties.

• These indices are indicators of the current state of the housing market.

Why HPI ?

• No platform available in Pakistan that provides information about property’s worth based on price movements in the region.

• To buy or sell property people have to go through different estate agents

• They mostly end up buying at high prices and selling at the wrong time.

How it works?

• Estimates the current value of a residential property on the basis of different factors that affect the value of a house over a certain period of time.

• The user can find the percentage change in the value of the property they own.

Factors for Calculating HPI

• Age

• Size

• Location

• Type of property

• Number of times sold

• Number of bedrooms

FUNCTIONALITY INCLUDED

Percentage Change in Property Prices.

• Show the percentage change in price within a certain interval of time.

• Comparison of the prices at which user purchased and is about to sell the property.

Google Map Integration

• A map would be provided so that people can visualize the trends of housing market in different regions.

Trend Analysis

• When user selects a particular region on the map change will be shown on

1. Monthly basis

2. Quarterly basis

3. Annual basis

SITES AVAILABLE

• Land Registry: http://landregistry.data.gov.uk/app/hpi

• Mouse Price: http://www.mouseprice.com/house-prices

WIREFRAMES

House Price Index(HPI)

Built-in calculator

Maps integration