Is there a link between demand and the price of property?

More than 70 projects which represent fresh IT ideas are being exhibited by the Faculty of Information Technology in an exhibit which is also accessible to the public virtually. Two students who will graduate this year explained how the projects can be applied in a practical way to every day life.

Is there a relationship between demand and property prices…as well as location?

Michael Scicluna Calleja, who will be graduating with a BA in IT, has researched the value of property and the distance from shops which offer essential services.

Through  technological models which he built based on information obtained from property agents, he evaluated how property prices can be determined by market demand. Through research, he determined the geographical distance of the properties from essential shops and services which improve one’s quality of life, a very crucial factor.

“Bus stops, natural features, shops, supermarkets, convenience shops…anything nearby that would improve the quality of life, so in terms of amenities close to a property, certain people might want a lot of amenities because it’s easier to go to the shops and come back, it’s easier when they live busy lives or certain people might prefer peace and quiet, they wouldn’t want many amenities so that is the relationship that was observed between certain property types and amenities nearby.”

Nathan Grech, who will be graduating with a BA in the same field, researched through his technological models the feelings of people who use social media for stories which have a technological topic such Bitcoin, and the way in which online communities react to them.

He said that his study was based on models which register the quality and nature of feelings for stories and products, with an analysis to determine whether they can potentially reflect the increase or decrease of value in prices of shares connected to. them.

“Essentially, what we are trying to do is see which stories people post, what they think abbot them, whether they post negative articles, whether they write something neutral or something positive about them.”

The students, who will be among those graduating at Bachelor’s and Master’s level, took part in the exhibition ‘Digital Technology Research & Education for all’, with projects divided into five themes, namely: digital health, Blockchain and Fintech, Deep Learning, scientific data, and the technology of hearing, speech and language.