The future of valuations [electronic resource] The relevance of real estate valuations for institutional investors and banks - views from a European expert group
The future of valuations The relevance of real estate valuations for institutional investors and banks - views from a European expert group [electronic resource]
- London RICS 2017
- RICS Insight RICS Research .
Examines the challenges facing the global valuation profession drawing on the experience and opinions of an expert panel. Exploring technological developments (such as Automated Valuation Models, Big Data, Artificial Intelligence and Blockchain) as well as changing client expectations, including the future value of a building and taking into account sustainability, the paper gives a number of recommendations for further debate. These include the need for valuers to update their skill set; whether the valuer could, or should take on an advisory role next to the traditional role of providing a (market) value; and a plea for the development of data standards as lack of high quality and consistent data continues to be a source of concern.
REAL ESTATE VALUATION
Investments
TECHNOLOGY
DEBATE
Europe
Examines the challenges facing the global valuation profession drawing on the experience and opinions of an expert panel. Exploring technological developments (such as Automated Valuation Models, Big Data, Artificial Intelligence and Blockchain) as well as changing client expectations, including the future value of a building and taking into account sustainability, the paper gives a number of recommendations for further debate. These include the need for valuers to update their skill set; whether the valuer could, or should take on an advisory role next to the traditional role of providing a (market) value; and a plea for the development of data standards as lack of high quality and consistent data continues to be a source of concern.
REAL ESTATE VALUATION
Investments
TECHNOLOGY
DEBATE
Europe