4most launch automated valuation model
23 October 2019
We are delighted to announce that 4most has successfully launched an Automated Valuation Model (AVM), bringing together granular property price data and economic modelling techniques, to give a property level view of value. 4most’s AVM also boasts transparency – with clear visibility of the data and methodology used, it gives complete confidence in the results.
4most believe an understanding of movements in house prices is critical for many organisations. The model has been developed to help businesses understand how granular level risks associated with property are evolving.
By incorporating Land Registry data – the most comprehensive view of all completion data available – the model provides highly accurate results. Using this robust data source gives the model capacity to value over 30 million properties within England and Wales.
To allow businesses to experience the benefits first-hand, 4most are offering a complimentary product trial. By submitting a small sample of data, a set of evaluated results will be returned within two working days. For further information, please view our Economic Forecasting, Stress Testing, and Modelling service.
Keith Church, Head of Economics, comments: “We believe that when valuing a mortgage portfolio or a property, the most important factors are consistency in valuations and having wide coverage, while also being cost-effective. 4most’s AVM provides all of these things and I am excited we have launched a model that helps businesses make more informed decisions.”
For more information contact info@4-most.co.uk
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