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SAVILLS LAUNCHES POWERFUL MARKET RENT TOOL

SAVILLS LAUNCHES POWERFUL MARKET RENT TOOL (Renting - House / Flat)

by administrator @, Monday, August 22, 2011, 10:49

Savills has launched its Automated Valuation Model (AVM) to the affordable housing sector.

The AVM , launched in partnership with Rightmove Data, part of the UK's Number 1 property website, has been designed as a highly efficient and affordable way to reference market rents and capital values in line with TSA requirements.

The AVM provides users with an address specific market rent and sales valuation in less than a minute.

Drawing on a data base of almost 5 million market rent reference properties, and a total dataset of more than 50 million records, the AVM is web based and requires no IT infrastructure or investment.

Austen Reid, director, said: "The sector needs to reference good quality market rent data quickly.

"We believe we are providing access to by far the most comprehensive database in the marketplace, and this has enabled Savills to provide our clients with a level of granularity and responsiveness that they could have not anticipated.

"This comes at a very affordable price. Market rents can vary considerably over very short distances and the AVM provides the most relevant evidence and comparables data to address this issue."


www.savills.co.uk


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