Workshop - 24-25 April 2024 in Pafos, Cyprus
Challenges and innovations in property valuation through AVMs for a
transparent market in a Transforming World
Advantages, disadvantages and requirements when using AVM
Workshop details:
| Date: |
24-25 April 2024 |
| Location: |
NEAPOLIS UNIVERSITY, Pafos, Cyprus |
| Participation fee: |
100 Euro- Early bird until 5 March
130 Euro after 5 March |
| Registration deadline: |
Deadline 20 March |
| Programme: |
Programme in PDF |
- Definitions, uses, and best practices of AVMs in contemporary
property valuation.
- Dialogues about the ethical considerations in the deployment of
AVMs.
- Discussions about implications of AVMs for the future of the
valuation profession.
- Career development and necessary skill sets.
- Exploring the paramount importance of data quality and quantity in
mass appraisal and sharing experiences addressing related challenges.
- Advanced Algorithms and Modules in AVM: Potential and Limitations.
- Charting the evolution from traditional regression analysis to
cutting-edge machine learning and AI in valuation.
- Review the global valuation standards and assess their alignment
with and response to emerging AVM and CAMA practices.
Welcome to our Scientific and Practical Conference: "Challenges and
innovations in property valuation through AVMs for a transparent market in a
Transforming World"
Throughout this event, our focus will be on elucidating AVM, addressing
ethical considerations, evaluating its current state, and envisioning future
prospects in valuation. The discussions will extend to practical
applications across diverse markets, unraveling the algorithms behind the
scenes, scrutinizing data sources and requisite data structures, and
emphasizing data security and protection.
Our attention will then turn to advanced algorithms and modules in AVM,
dissecting both their potential and limitations. Delving into the
captivating realm of human-machine fusion in AVM, we will explore the
synergies between human minds and machines in mass appraisal scenarios.
The conference will conclude by exploring the future of AVM, highlighting
emerging trends and innovations in this dynamic field. Our overarching goal
has been to nurture thought-provoking discussions and establish a dedicated
platform for the exchange of knowledge, experiences, and groundbreaking
advancements, all centered around the challenges and innovations in property
valuation through AVMs for a transparent market in a transforming world. We
aim to leave our participants enriched with a deeper understanding of the
evolving landscape and the pivotal role AVMs play in shaping the future of
real estate markets, fostering transparency, and adapting to the dynamic
needs of our changing world.
Goals:
- Foster a collaborative
environment for professionals, academics, and regulators to share knowledge
and experiences.
- Encourage the adoption of
standardized practices in AVM that comply with global valuation
standards.
- Stimulate innovation and the
development of new tools and methods in property valuation.
- Promote ethical practices and
the responsible use of technology in the valuation profession.
- Provide insights into the impact
of AVMs on the global real estate market and valuation standards.
Opportunities, Activities and Target audience:
- Opportunities for attendees to
engage with experts, thought leaders, and peers in the industry.
- Publication of a post-conference
report summarising key insights and recommendations.
- Establishment of a task force to
examine the integration of conference findings with global valuation
standards.
Who is the target audience
The conference targets both scientists and practitioners involved in real
estate valuation, spatial economy, real estate market analysts, data
scientists, practitioners in the real estate market, and the industry.
Detailed programme:
Agenda day 1 24 April
| 09:30 am |
Registration |
| 10:00-10:15 |
Session 1 - Welcome and Opening
Peter Ache & Thomas Dimopoulus
Chair: Małgorzata Renigier-Bilozor |
| 10:15 - 12:15 |
Session 1 Keynotes Speakers
- New Requirements within IVS: Valuation Process Quality
Control, Data and Inputs, ESG Considerations, Valuation Models,
The Use of AVM,
Alexander Aronsohn, (30min)
IVSC (Keynote-Speaker)
- Transparency in The Property Market More Than Necessary, but
a Major Challenge
Peter Ache,
(30min) FiG (Keynote-Speaker)
- The History of Mass Valuation Modeling in North America,
Patrick Alesandrini, (30min) IAAO
(Keynote-Speaker)
- General Valuation and CAMA experiences, challenges and
opportunities in the Lands and Surveys Department,
Pashoulis Varnavas (30min) Lands and Surveys
Department, Cyprus (Keynote-Speakers).
|
| 12:15 - 12:30 |
Networking break |
| 12:30 - 14:00 |
Session 2 Humans vs Machines in AVM - Who is the
boss in the game?
Chair Artur Janowski
- The Evolution of Valuation: From Regression to Machine
Intelligence,
Russ Thimgan, (30min) USA
- Minds and Machines Synergy in AVM- Mass Appraisal,
Małgorzata Renigier-Biłozor & Artur Janowski& Patrick
Alesandrini, (30min) Poland&USA
- AI and the Ethics of Machines Dealing with Humans,
Thomas
Dimopoulos, (30min) Cyprus
|
| 14:00-14:30 |
Discussion Panel
(Peter Ache & Artur Janowski |
| 14:30-15:30 |
Lunch |
| 15:30 - 17:00 |
Session 3 Mass Appraisals: A Retrospective and
Prospective View
Chair Małgorzata Renigier-Biłozor
- Why is it so Difficult to Establish Mass Valuation Systems?
Richard Grover, (40min) UK
- AVMs - a Historical Review and the Benefits and Effects of
Utilizing AVM
Thomas Dimopoulos, (40min)
Cyprus.
|
| 20:00 |
Gala Conference Dinner
Smart Casual Attire |
Agenda day 2 25 April
|
| 10:99 -
12:00 |
Session 4 International Perspectives of Mass Valuation
Chair Małgorzata Renigier-Biłozor
- Protection of Personal Rights and Transparency in Mass
Valuation,
Patrick Alesandrini, (30min) USA
- Transitioning to a CAMA System for Taxation Purposes in
Greece
Tassos Labropoulos, (30min) Greece
- A Tough Way to Future Ad Valorem Real Estate Tax - The Case
of Slovakia
Anna Vartašová, née Románová, (30min) Slovakia
|
| 12:00-12:30 |
Networking break |
| 12:30 -
15:00 |
Session 5 Data as the Keystone of Valuation
Chair Peter Ache
- Enhancing Market Transparency in Residential Markets near
Polish Airports: Causes and Solutions,
Magda Habdas, (30min) Poland
- Market Data Quality and Quantity in Public Intervention:
Usefulness of AVMs in resolving neighborhood conflicts near
airports,
Jan Konowalczuk & Iwona Forys, (30min)
Poland
- Mass appraisal via lens of property registration abundance -
an attempt of information asymmetry effects assessment
Marek Walacik & Aneta Chmielewska&Patrick Alesandrini,
(30min) Poland
- GIS in Real Estate Valuation - The Role of Spatial Data in
Modern Property Valuation,
Marek Ogryzek (30min) Poland
|
| 15:00-16:00 |
Lunch |
| 16:00-17:00 |
Discussion Panel
Chair: Peter Ache |
| 17:00 |
Conference Conclusions
Peter Ache & Thomas Dimopoulos |
Programme in PDF
Top
Date:
24-25 April 2024
Place:
NEAPOLIS UNIVERSITY, Pafos, Cyprus, 2 Danais Avenue
Leading the event:
- Peter Ache
- Thomas Dimopoulos
- Malgorzata Renigier-Bilozor
Lead
International Federation of Surveyors, Commission 9
Organiser:
NEAPOLIS UNIVERSITY, Pafos,
Cyprus
Services:
Participation in the seminar, seminar documents in digital form, catering
during the breaks, dinner/lunch together (extra)
Timeline:
- Submitting abstracts for
presentation to March 1th 2024.
- Registration for participation
without presentation 20th of March.
Register here
Conference venue:
- Neapolis University Pafos, 2
Danais Avenue
Travel information:
Accommodation & Hotel
● Please make your own
arrangements
Contact and further information
- Peter Ache, figcommission9 [at] fig.net or
peterache [at] achemail.de, Tel.: +49
173 930 81 48
- Malgorzata Renigier-Bilozor
malgorzata.renigier [at] uwm.edu.pl, Tel.: +48 531678987
Local contact person
- Thomas Dimopoulus, E-Mail
t.dimopoulos [at] nup.ac.cy, Tel.: +357 99053282
Top
Registration fee:
- 100 EUR - early bird, until 5 March
- 130 EUR - after 5 March
Registration closes on 20 March
REGISTER HERE
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