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Seek carefully and ye shall find

By: Contributor(s): Series: Estates Gazette ; (0234) 24 August 2002, 76-77(2)Publication details: 2002Subject(s): Summary: Examines the Carsberg report on property valuations and how this should affect valuations. Warns against any rush into adopting supposedly better statistical methods as many of the criticisms of the valuation process are often superficial. For example, studies have often shown that prices have been higher than valuations both before and after adjustment for price changes occuring between the valuation and sale date. These uncertainty figures are often unreliable and over rely on past evidence.

Examines the Carsberg report on property valuations and how this should affect valuations. Warns against any rush into adopting supposedly better statistical methods as many of the criticisms of the valuation process are often superficial. For example, studies have often shown that prices have been higher than valuations both before and after adjustment for price changes occuring between the valuation and sale date. These uncertainty figures are often unreliable and over rely on past evidence.