​My primary research focus revolves around the behavioral aspects within the realm of real estate. Specifically, I place a strong emphasis on understanding the profound impact of visual stimuli on the perception of property values during the valuation process. Recognizing the substantial role of subjectivity in assessments conducted by both appraisers and potential buyers, as well as its broader significance in the field of valuation, it becomes evident that visual cues have the potential to introduce significant distortions in property values.

My research dives deep into the examination of these factors, not only assessing their influence on appraisal reports but also scrutinizing their effects on the various marketing strategies employed within the real estate domain. At its core, the ultimate objective of my research is to pioneer innovative valuation methodologies that can adeptly accommodate subjective measures. This pursuit is pivotal in our endeavor to attain the highest levels of objectivity and precision in property value assessments, a facet of immense importance given that the real estate sector contributes significantly, accounting for more than 14% of the European Gross Domestic Product.

Furthermore, my background in banking and finance has kindled a keen interest in comprehending market dynamics, with a particular focus on the speculative elements inherent in real estate markets. Here, once again, behavioral factors emerge as central determinants, contributing to the phenomenon of irrational exuberance, a phenomenon notably pronounced in my home real estate market of Tyrol, Austria.

Moreover, in response to my current professional engagement, I have embarked on the journey of integrating cutting-edge computer vision algorithms into my research. These algorithms hold vast potential, particularly in shaping the future landscape of automated valuation models. By training these algorithms on reliable and objective ground truth data, such as condition assessments, we can swiftly and accurately evaluate property conditions. This assessment can then seamlessly blend into hedonic models, yielding comprehensive property valuations and effectively mitigating the inherent subjectivity associated with traditional assessment methods.