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Valuers still wide of the mark

Series: Property Week ; 12 April 2002, 10(1)Publication details: 2002Subject(s): Summary: Survey by Drivers Jonas and Investment Property Databank shows valuers have failed to improve the accuracy of their valuation over the past five years. More than a third now come in 10% higher or lower than the actual sale price. 65% of valuations fell within 10% of values than agreed but almost 20% failed to get within 20% of the subsequent sales price.

Survey by Drivers Jonas and Investment Property Databank shows valuers have failed to improve the accuracy of their valuation over the past five years. More than a third now come in 10% higher or lower than the actual sale price. 65% of valuations fell within 10% of values than agreed but almost 20% failed to get within 20% of the subsequent sales price.