EVALUATION OF IMPACT OF MODERN TECHNOLOGY, DEMAND AND SUPPLY ON REAL ESTATE
EVALUATION OF IMPACT OF MODERN TECHNOLOGY, DEMAND AND SUPPLY ON REAL ESTATE

Summary/Abstract: The real estate industry is undergoing digital transformation, which affects its working conditions, market appearance, and economic growth factors. The characteristics and operations of real estate markets will be demonstrated in detail which is covered by both basic methods that have remained immutable for centuries and specific possibilities that have recently emerged. The prime idea is to identify industry alterations, the impact of digital transformation, investment decisions, expected future evolutions related to demand and supply, and regression analysis using Ordinary Least Square method which is used to evaluate the data that falls to the plane and variables that go beyond the restrictions in case of Azerbaijan. This paper provides some particular aspects of real estate within economic terms, to show how technological advancements could provide a comprehensive dataset with expected growth rates, real estate risk management, economic evaluation of real estate investment projects, real estate economics and most importantly demand and supply. The study supports fluctuation of prices in this market is mostly based on macro and micro economic levels.

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