International records / OpenAlex research

Will AI replace property valuers in a machine-driven real estate industry?

The property valuation landscape continues to undergo tremendous challenges due to rapid technological advancements such as AI, which have led to a more machine driven real estate industry. This study, therefore, investigates the awareness, adoption, and perception of estate surveyors and valuers of AI in property valuation in Calabar, Nigeria. The study adopted a quantitative approach. Questionnaires were administered to 32 Estate Surveyors and Valuers from 11 estate firms in Calabar. The data was analysed using frequency distribution table, weighted mean score, and factor analysis. The findi…