Survey on predicting property price

Prediction involves extracting the useful, understandable information from the raw data to forecast the unknown, whether the unknown is past, present or future. Thus, predictive analytics is a branch of data mining used to predict or forecast a trend or a behavior. Prediction is used in various fields like credit scoring, weather forecasting, healthcare, travel, financial sector and many more. This paper strives to explain the application of Predictive Analytics in the field of Real Estate. The paper aims at putting forward, the various predictive techniques used to forecast the property prices. The paper mentions different research work done in the real estate domain. The paper also describes in depth about the description of Neural Network and Decision Tree used to predict the sale price of the house.