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Enhancing Property Valuation through Technological Advancements: Methods, Benefits and Constraints

Enhancing Property Valuation through Technological Advancements: Methods, Benefits and Constraints

How Technology is Transforming Real Estate Value Technology is rapidly changing the real estate industry, and property valuation is no exception. Artificial intelligence (AI)-powered algorithms and online valuation tools are some of the latest technologies that are revolutionizing the way properties are valued. Enhanced Data Analysis AI algorithms can process vast amounts of data from...

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HOW TO DETERMINE THE VALUE OF A PROPERTY

HOW TO DETERMINE THE VALUE OF A PROPERTY

A property’s value is determined by taking into account a number of variables, including its location, size, condition, comparable sales, market trends, and potential for income creation. While it is always advised to seek the advice of a qualified assessor or real estate agent for an exact assessment, the following are some typical techniques: Comparative...

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RICS Nigeria Group 2020 Conference Summary

RICS Nigeria Group 2020 Conference Summary

The RICS Nigeria conference held on the 5th of November 2020 was a success. The topic of this year’s conference was, “Technology Infusion in Real Estate.” According to the Chairman of RICS Nigeria Group and also the Principal Partner of Ismail and Partners, Gbenga Ismail (FRIC), last year’s topic was on, “Unraveling the Real Estate...

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How Technology is adopted in Real Estate in 2020

How Technology is adopted in Real Estate in 2020

At the advent of the COVID-19 pandemic, the traditional ways of visiting properties for inspection before buying has drastically reduced. Realtors have to device other ways to show their clients their properties of interest. Hence, the technology, VR (Virtual Reality). Virtual Reality is a technology that is increasingly adopted by Real Estate companies. VR is...

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