18 December 2017
RICS argues that the valuation profession is likely to face significant changes in the coming years in terms of how the valuation process is managed, the role of the valuer, as well as the added value to clients. In this context, the paper explores two main issues:
1. Technological developments – how developments in big data, blockchain, artificial intelligence and automated valuation models (AVMs) will impact the industry in general and the role of the valuer in particular.
2. Changing client expectations – focusing on institutional investors and banks, this includes looking for advice on the future (or long term) value of a building, taking into account sustainability features such as climate resilience and well-being.
Find out more about The Future of Valuations insights paper here.