Artificial Intelligence and European Standards in Modern Real Estate Valuation: Challenges and Prospects for Georgia

Abstract

This paper examines the integration of artificial intelligence (AI) into the structure of real estate valuation in
accordance with the European Valuation Standards (EVS). The study focuses on reducing market uncertainty and, in the context
of Georgia, on filtering price anomalies and forecasting expected market states through a discrete nonlinear price-forecasting
model. The model performs automatic filtering of anomalous transactions and generates accurate forecasts of the development
of Georgia's real estate market, free from subjective factors.