Multi-Unit Housing Market Prices: Easy for All

Don't rely on gut feeling alone to determine the fair market value of multi-family homes and villas anymore! BigValue, a leading data tech company, has officially introduced its innovative 'AI Market Price' service to the Naver Pay Real Estate platform. Previously, unlike apartments, non-standardized housing information made market price assessment for these non-apartment homes difficult. Now, simply by selecting the desired villa complex in the Npay app, you can check market prices by complex and by unit at a glance. This will allow direct comparison and judgment of price appropriateness during jeonse (deposit-based lease) or purchase contracts, serving as a reliable assistant for important transaction decisions. BigValue emphasizes that this service will significantly contribute to increasing transparency in transactions of multi-family homes and villas, which previously carried a high risk of jeonse fraud due to information asymmetry, and to protecting valuable assets. BigValue's AI Market Price is meticulously calculated by AI algorithms, integrating vast public data such as actual transaction prices from the Ministry of Land, Infrastructure and Transport and land/building registers, along with private data including financial, rental, and business operator data. Covering over 19 million homes nationwide, its accuracy and reliability are already recognized to the extent that commercial banks utilize it as a key standard for mortgage loan evaluations. Goo Reum, CEO of BigValue, stated, "The AI market price service, which was previously considered exclusive to financial institutions, is now readily available to the general public," and expressed BigValue's aspiration as a data tech company leading the way in solving various industry problems with AI data technology. Beyond real estate, BigValue's continued innovation and expansion of data utilization in various fields such as pharmaceuticals and co-living are highly anticipated.