Advancing Real Property Valuation

AI, Drone and Emerging Digital Technologies in Professional Practice and Education
1. Auflage 2026
ISBN: 978-1-032-87211-7
Verlag: Taylor & Francis Ltd

Buch, Englisch, 304 Seiten, Format (B × H): 156 mm x 234 mm

Digital technologies are reshaping the way property and asset values are assessed, regulated and trusted. From automated valuations to drone-assisted site inspections, these advances are influencing professional practice and testing the legal, regulatory and institutional frameworks – including those established by IVSC, API and RICS – that underpin it.

This book examines how AI, drones and emerging digital tools are being integrated into valuation processes across varied contexts. Its scope extends beyond traditional property valuation to urban markets, public assets, infrastructure and ESG assessments. Drawing on insights from leading academics and industry experts in Australia and internationally, it’s organised into four sections: digital foundations and frameworks, real-world applications and innovations, advancing education and training, as well as legal, ethical and future perspectives. Across these sections, comparative analysis explores how different jurisdictions and sectors are adapting, with particular attention to regulatory compliance, professional standards and the boundaries of automation.

Rather than framing technology as an inevitable disruption or existential threat, this book encourages careful, critical engagement with how digital systems shape professional judgement, data transparency and institutional trust. It is an essential resource for anyone concerned with the future of valuation, as well as those seeking to upskill and build confidence in using advanced technologies that are transforming property valuation methods and practices.

Zielgruppe

Professional Reference

Autoren/Hrsg.

Amar, Johari

Armitage, Lynne

Fachgebiete

• Technische Wissenschaften Technik Allgemein Technische Optik, Lasertechnologie
• Geowissenschaften Geologie GIS, Geoinformatik
• Technische Wissenschaften Sonstige Technologien | Angewandte Technik Lasertechnologie, Holographie
• Technische Wissenschaften Bauingenieurwesen Baukonstruktion, Baufachmaterialien
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Immobilienwirtschaft

Inhaltsverzeichnis

1. Valuation at a crossroads: From resistance to integration of human-digital systems in the profession. Section1: Digital Foundations and Frameworks in Valuation Practice. 2. Emerging AI technologies in the valuation of tangible assets. 3. Artificial intelligence and machine learning in property and real asset valuation: Policies, practices and emerging trends. 4. Coevolution of artificial intelligence technology and the valuation profession. 5. Challenges and opportunities of data collection and computational analysis using AI in real estate valuation. Section 2: Applied Digital Innovations in Valuation Practice.  6. Public sector valuations: Current and emerging technologies, and industry readiness. 7. Airport runway inspections: Transitioning from conventional methods to drone-based solutions. 8. Generative AI prompt engineering basics for real estate appraisers. Section 3: Innovating Valuation Education and Training for the Digital Era. 9. The new role for academics in advancing artificial intelligence in real estate education. 10. The future of valuation education: Incorporating augmented reality tools in training and skill.  Section 4: Reflections on Legal, Ethical and Future Directions in Digital Valuation. 11. A(I) legal perspective: Process, procedure, risk and GenAI use. 12.Reflection on AI, big data and analytics in real estate valuation. 13. Quantum valuation: Navigating the disruption, seizing the opportunities in the new era. 14. Valuation beyond the divide: Rethinking professional practice and standards in an era of digital transformation.

Über Autor(innen)

Dr. Johari Hussein Nassor Amar is a Chartered Commercial Property Surveyor and Assistant Professor at Bond University in Australia, where she teaches valuation and various property-related subjects to both undergraduate and postgraduate property degree students. With more than 15 years of experience across academia, research and industry, she applies her commercial property expertise within a human-centric approach to explore the convergence of people, place and policy. This includes specialized work in aged and disability healthcare co-design. Her research and supervision encompass property valuation, affordable housing, built heritage and sustainable property futures, with a focus on integrating emerging technologies such as AI and LiDAR. Her work appears internationally in peer-reviewed academic journals, professional publications and mainstream media. Dr Amar holds a PhD in Sustainable Development from Bond University, an MSc in Real Estate Management from KTH Royal Institute of Technology in Sweden and a BSc (Hons) in Land Management and Valuation from the University of Dar es Salaam, Tanzania.

Dr. Lynne Armitage was an Associate Professor, Urban Development, Bond University. She held a Diploma in Surveying from Oxford Brookes University, post-grad diploma in Urban Studies and Master of Environmental Planning (Macquarie University), and a PhD in commercial property market analysis, QUT. Academically, Lynne lectured, led and established undergraduate and graduate programs at UWS, Uni of Melbourne, QUT, Unitech Lae and Bond University. As well as having published over 50 refereed journal articles and consultancy reports, she wrote and published five textbooks, authored two chapters in a valuation textbook for the American Institute of Appraisers and co-authored three book chapters with Dr Amar on environmental offsets, heritage assets and people/environment fit (P-E Fit) for commercial office design. She held board positions with the Valuers’ Queensland Registration Board and the Surveyors' Board of Queensland and chairs the RICS’ Oceania Education and Professional Standards Board. In addition, she was an external examiner of RICS and API accredited bachelor and master’s degrees in property in Australia, Malaysia and Papua New Guinea.