The relevance of real estate valuations for institutional investors and banks – views from a European expert group
The valuation profession is likely to face significant changes in coming years in terms of how the valuation process is managed, the role of the valuer, as well as the added value to clients.
This RICS Insights paper 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:
We are grateful for the involvement and support of INREV (European Association for Investors in Non-Listed Real Estate Vehicles) and EMF-ECBC (European Mortgage Federation-European Covered Bond Council).
This paper serves as the starting point of an industry-wide discussion. We look forward to bringing the debate to your country, including valuers, investors, banks as well as the PropTech sector. Only by continuing the discussion between providers of valuations and their clients can we futureproof the valuation profession and ensure a continued added value.
Director of Public Affairs, INREV
Director Corporate Affairs, Europe
Sander Scheurwater works on recognition and enforcement of RICS’ standards in Europe. He also has management responsibilities for (EU) Policy & Public Affairs and professional group output (our practice statements and guidance notes) in the region.
Sander joined RICS in 2006 as EU Policy Officer, having previously worked for General Motors. He is a Dutch national and studied business economics at the Erasmus University of Rotterdam where he achieved his Masters in 2000. He majored in sociological economics