Current Challenges
The property sector is constantly facing new challenges, and property valuation is no exception.
We are constantly adapting to new circumstances. Flexibility, up-to-date market knowledge and the integration of new valuation methods are key components in meeting these challenges:
Sustainability Valuation:
With a growing focus on environmental aspects and sustainability, properties are increasingly being valued according to ecological criteria. Integrating these factors into the valuation is a challenge.
The uncertainty caused by the COVID-19 pandemic has impacted the property market. Fluctuations in demand, changing usage patterns (e.g. increased home office) and economic uncertainty can make property valuation more difficult.
Technological developments:
The increasing use of technologies such as artificial intelligence, machine learning and big data is influencing the way in which property is valued. However, there are also challenges in terms of data protection, reliability of algorithms and acceptance of new technologies.
Market volatility:
Property markets can be volatile and rapid changes in supply and demand can make valuation difficult. Especially in times of economic uncertainty, traditional valuation methods can reach their limits.
Legal changes:
New legal requirements or changes in property regulations can affect valuations. This can range from tax regulations to regulations for energy-efficient construction.
Globalisation:
In international property transactions, valuation experts must take into account global market trends and different legal frameworks. This requires a deeper understanding of global property markets.
