The Role of AI in Luxury Property Valuation: Is It Accurate Yet?
Introduction: The Demand for Precision in an Imperfect Market The world of luxury real estate is fundamentally different from the mainstream property market. A standard apartment building might have dozens of comparable units, allowing for relatively straightforward price benchmarking. However, a $50 million bespoke penthouse on Jumeirah Bay Island or a custom villa in the …
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