Mass valuation pilot project in Azerbaijan successfully finished

On Thursday, 9.5.2015, a public presentation of the project outcome, as well as overall presentation of mass valuation practices happened in Baku, Azerbaijan. Several Azeri news agencies participated, as well as people from Ministry of finance and other ministries.

Within the project Sinergise has developed several applications:

  • Market Data Registry - a system for collection of market data, integrated with Register of real estate
  • Property modeller - computer aided mass appraisal (CAMA) based system for modelling property values based on market data. It includes functionality to find comparable sales (useful for individual appraisals) and automatic individual valuation of the property.
  • Public viewer of the models

Do check the project results in the video presentations bellow.

Establishment of Mass valuation in Azerbaijan