18 December 2017
On 18 December 2017, RICS published a paper entitled The Future of Valuations on the relevance of real estate valuations for institutional investors and banks – views from a European expert group.
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.
Established in 1967, the European Mortgage Federation (EMF) is the voice of the European mortgage industry on the retail side of the business, representing the interests of mortgage lenders at European level.
