Research shows that property valuations are more than 10% out.
Series: Property Week ; 68(44) 7 November 2003, 7(1)Publication details: 2003Subject(s): Summary: RICS commissioned research has shown that only 68% of property valuations made before a sale prove to be accurate to within 10%. IPD researchers examined 1 340 property sales that were made in 2002. The report was subsequently unveiled at the RICS Valuation Conference in London. The report found that retail valuations were the most accurate, with office valuations being the least accurate. Shopping centre valuations were within 6.4% of the sale price. A copy of the report can be viewed at http://www.rics.org/ricscms/bin/show?class=ResearchReports&template=/includes/showresearch.html&id=69&faculty=Valuation&faculty=All%20Faculties.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3943-18 (Browse shelf(Opens below)) | 1 | Available | 124301-1001 |
RICS commissioned research has shown that only 68% of property valuations made before a sale prove to be accurate to within 10%. IPD researchers examined 1 340 property sales that were made in 2002. The report was subsequently unveiled at the RICS Valuation Conference in London. The report found that retail valuations were the most accurate, with office valuations being the least accurate. Shopping centre valuations were within 6.4% of the sale price. A copy of the report can be viewed at http://www.rics.org/ricscms/bin/show?class=ResearchReports&template=/includes/showresearch.html&id=69&faculty=Valuation&faculty=All%20Faculties.