Practice briefing – Automated valuation models (AVMs): their role, their advantages and their limitations

Brano Glumac and François Des Rosiers

Journal of Property Investment & Finance, 2020, vol. 39, issue 5, 481-491

Abstract: Purpose - The current state-of-the-art recognises three traditional valuation approaches. The current division is not sufficient to explain systematically all features that drive the development and usage of automated valuation models. Design/methodology/approach - This practice briefing reviews existing valuation approaches, their pros and cons and more critical other automated valuation aspects or features; both based on a literature review. Findings - This paper discusses and lists the six critical aspects or features, besides the valuation approaches. Practical implications - This paper reveals the list of aspects or features that are important to consider when designing an automated valuation model. Originality/value - This practice briefing discusses the inclusion of a multitude of aspects when considering an automated valuation model design.

Keywords: Valuation approach; Automated valuation model; Features (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jpifpp:jpif-07-2020-0086

DOI: 10.1108/JPIF-07-2020-0086

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