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Techvalúo, developed by Tasvalúo, is a computer platform designed for estimating property values. It leverages artificial intelligence, specifically machine learning, to analyze a vast dataset of property valuations and market prices. This approach comes as the 2023 JLL Global Real Estate Technology Survey reports over 80% of real estate users, investors, and developers planning to increase their technology spending.
Techvalúo’s algorithm is based on the collection of millions of data points from valued properties and georeferenced market values. Adhering to International Association of Assessing Officers (IAAO) standards, the platform provides value estimations using a basic user profile. These estimations depend on the availability and quality of market reports in various regions.
The platform additionally offers two reports:
- The first one outlines advertised properties in the nearby market,
- The second conducts a contextual analysis including demographic, socioeconomic, urban, and local service information.
Techvalúo, while providing a technological assistance in market analysis and strategy formation, is not a substitute for human expert evaluations as per Mauricio Dominguez, Director of Data Market at Tasvalúo.
