POTENTIALSPACES is a web-based application, which uses an urban economics model to match user preferences to the ideal residential areas– the POTENTIALSPACES.
The application takes into account a variety of parameters, among them the maximum time a user wishes to travel to work (or any other frequently visited location) and the importance attached to distinct location features (e.g. centrality, restaurants, sports facilities or green spaces). The user preferences are compared to a micro-level spatial database collected over the recent years of research activity of URBANCONTEXT. The search methodology considers all features within walking distance of a POTENTIALSPACE, attaching higher weights to nearer locations. The resulting index is typically referred to as POTENTIAL in economic geography research.
POTENTIALSPACES relies on scientific methods and data sets that are mainly used in academic research. With POTENTIALSPACES URBANCONTEXT offers an easy-to-use application of these methods and an example of successful knowledge transfer and impact. The cooperation with leading providers of real estate offers, the application allows users to directly access sales and rental offers within their POTENTIALSPACES. The combination of a unique database and evaluation methodology, a user-friendly interface and cooperation with leading real estate providers makes POTENTIALSPACES the ideal assistant for the house hunting.
More detailed information and instructions are provided on the next slides. Based on the processed in POTENTIALSPACES, URBANCONTEXT has computed an index describing the endowment with various location characteristics at the borough and smaller scaled level – the POTENTIALSPACES-Index (PSI). The index provides a typology of “Ortsteile”. It is important to note, though, that there are significant variations within each area. The analyses in the POTENTIALSPACES application are therefore executed at the level of housing blocks.
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