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Automated valuation models making an impact

By: Language: English Series: Property Forecast ; 10(7) July 2007,7-8(2)Publication details: 2007Subject(s): Summary: Automated Valuation Models (AVMs) have huge implications for the business operation of the property investment industry. AVMs are set to replace protracted and expensive physical valuations or the less accurate indexation models. Article looks at the background to AVMs, how they work and their application on the residential property markets, especially for investors and managers of large residential property portfolios.
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Automated Valuation Models (AVMs) have huge implications for the business operation of the property investment industry. AVMs are set to replace protracted and expensive physical valuations or the less accurate indexation models. Article looks at the background to AVMs, how they work and their application on the residential property markets, especially for investors and managers of large residential property portfolios.