Real estate agents edition
This week: cheaper remote valuation is now permitted up to 90% of the purchase price, and the AI Act requires you to label AI images visibly from now on.
Remote valuation now permitted up to 90% of the purchase price, for 95 euros
NHG now allows Desktop Valuation up to 90% of the purchase price. Cheaper and faster, but the boundaries are clear.
NHG now permits Desktop Valuation for mortgages up to 90% of the purchase price. In this type of valuation, a valuer assesses a model value remotely using AI and housing market data. The cost is a maximum of 95 euros, compared to over 600 euros for a standard in-person valuation. Mortgage lenders are already using it actively.
Background for subscribersDesktop Valuation costs a maximum of 95 euros and can now be used up to 90% of the purchase price. That makes remote valuation more attractive for clients and means you will encounter it more often. At the same time, a new labelling requirement is now in force: if you use AI for a photo, video, or floor plan in your listing, you must indicate this visibly. If you do not, you are taking a risk. The transitional period runs until December 2026.
Computer vision reads the condition of a property from photos
Restb.ai released a feature that automatically extracts property characteristics from valuation photos, such as condition and damage, for standardised reports. The tool tags hundreds of features directly from listing photos. Clear Capital built this technology into its valuation products to reduce blind spots in the analysis.
Background for subscribersThis is a taster.
Subscribers read the whole Real estate agents edition: every story, each with its background in plain language.
Subscribe →