The Cyprus Association of Property Valuers Urges Citizens to Always Seek a Professional Valuation by a Certified Valuer

The Cyprus Association of Property Valuers is issuing a public warning about the increasing use of Automated Valuation Models (AVMs) by online platforms and websites—tools that often lead to inaccurate and misleading property assessments.

Unlike traditional valuations conducted by certified professionals, AVMs rely solely on mathematical algorithms and generalized data, without accounting for critical factors such as:

• The actual condition of the property (wear and tear, renovations, illegal constructions)

• The location and unique characteristics of the area

• View, accessibility, construction quality, and other qualitative attributes

• Town planning constraints or development potential

• Existing leases

• New ESG-related environmental risk guidelines

The Association highlights that Cyprus’s real estate market is highly diverse, making automated valuations unreliable and potentially deceptive. Without an on-site inspection, key information about the property is missed, which may result in:

• Selling below the property’s true market value

• Making poor buying or investment decisions

• Complications in inheritance cases

Citizens are strongly encouraged to always request a valuation from a certified professional, ensuring accuracy, objectivity, and the protection of their property assets.

“No technology can replace the insight gained through an on-site inspection and the judgment of a qualified expert,” the Association emphasizes. “Even the relevant Government Department recognizes this, clarifying in its own announcements that the General Valuation shown on Title Deeds does not represent Market Value—let alone figures produced by private online platforms.”