Internet-based real estate multiple criteria decision support system

In Lithuania, the real estate market has been growing fast in recent years. Such a speedy rise in the country‘s real estate market is being affected by several main factors: residents see the broad lending possibilities; the improving economic situation gives people greater hopes and expectations; the indices of available housing in Lithuania still lag behind the EU almost twice; once the demand well exceeds the supply, good conditions open to the construction companies and real estate agencies to sell their production; the expanding real estate market attracts investments from people who have free money; growing inflation in the country; etc.Due to the market expansion and higher competition, integration of information technologies to the real estate sector is more necessary today than ever before. The application of information technologies and telecommunications in the real estate sector ensures faster exchange of information among all interest groups, and allows more effective responding to market changes. Today we find internet as the field of applying information technologies and telecommunications in the real estate business. With the help of internet in any activity, the possibilities are provided to overcome time and space. By using internet, we can freely get a sufficiently big amount of exhaustive information about real estate. However, today‘s possibilities provided by internet are not limited to this. Frequently, different websites on real estate give us a... [to full text]