Cyprus property valuation association warns against relying on online estimates

A Cyprus Chamber of Commerce and Industry (Keve) member association representing property valuers has warned that online property valuation tools and automated valuation systems should only be treated as indicative estimates and cannot replace assessments carried out by qualified professionals.

Specifically, the property valuers’ association, responding to the growing use of digital platforms and automated systems to estimate property values, said the public should understand both the benefits...