GIS Applications in Real Estate and Related Industries

Grant Ian Thrall

Journal of Housing Research, 1998, vol. 9, issue 1, 33-59

Abstract: Geographic Information Systems (GIS) have many applications in the real estate industry—an industry inherently spatial in nature—enabling real estate professionals to measure the true impact of location and thus make appropriate judgments in many areas, including residential brokerage, appraisal, and market analysis. This article assesses how GIS will affect real estate and closely related industries and provides a critical review of GIS business applications serving to effect that change.GIS technology will lead to increased productivity in many industry operations and to greater accuracy and timeliness of information for both professionals and the general public. As its full potential is realized, the market will move to higher levels of efficiency, which may ultimately drive down the cost of real estate transactions. There should also be a reduction in traditional information arbitrage of real estate, where inside information or market knowledge historically has allowed for unusually large real estate returns.

Date: 1998
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.1998.12091928 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjrhxx:v:9:y:1998:i:1:p:33-59

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjrh20

DOI: 10.1080/10835547.1998.12091928

Access Statistics for this article

Journal of Housing Research is currently edited by Kimberly Goodwin

More articles in Journal of Housing Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().