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The Evolution of Modern Technology in the Property Valuation Industry
Journal article   Peer reviewed

The Evolution of Modern Technology in the Property Valuation Industry

Jae Won Kang and Enzo Melani
Pacific rim property research journal, Vol.31(1), pp.32-52
01/01/2026

Abstract

Business Business & Economics Social Sciences
This study examined the impact of digital technology on the property valuation industry, with a particular focus on its effect on the property valuer. It compared traditional valuation methodologies with modern digital tools and evaluated the advantages offered by these technological advancements. The analysis demonstrated that adopting modern technology significantly improved accuracy, quality, and efficiency in property assessments. However, it also revealed that property valuers faced substantial challenges, risks, and obstacles during this transition. As a result, valuers were compelled to re-evaluate their operational strategies and align their practices with emerging technological standards. The findings provided practical insights for valuation firms, offering an action plan and establishing new fields of knowledge and practices to facilitate the integration of modern technology, even among those resistant to

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