Urban Areas Development Analysis and Management Decision Support based on Residential Real Estate Objects Evaluation Methods

Modern monitoring and accounting tools allow to accumulate a significant amount of thematic information, which can be a good basis for supporting management decisions on the development of urban areas. Therefore, this paper proposes a number of methods for a comprehensive evaluation and work with information about residential real estate. Modern approaches to work with data on the real estate market are considered. However, an appropriate information infrastructure is needed to obtain a holistic view of the composition and status of residential real estate. The paper describes the developed system for spatial monitoring of real estate objects, as well as the tools included in it for presentation geospatial data on residential objects (at the level of buildings and apartments) and assessing their value based on comparative approach. It is proposed to use the “box-and-whiskers” method to determine price spike for objects in the process of using the comparative approach.