Real estate valuation industry at a crossroads

PROPTECH is a key driving force shaping the future of real estate valuation. The sector started on its digitisation journey over a decade ago and the pace will only intensify.

Technology in the valuations space has historically been focused on efficiencies and ways in which to streamline the appraisal process.

With the development of AI and data aggregation, this progression has moved into direct competition with the traditional valuation space via automated valuation models and tech enabled valuations.

This is bringing the industry itself to a key pivot point in how to evolve as a service and as an industry.

Advisers, not just valuers

From a banking perspective the digitis…