The IPD Valuation and Sale Price research study has been running for over 20 years and was first undertaken as a collaborative study with the RICS in 2003 in response to the Carsberg report recommendations. This advised that the relationship between achieved sale prices and previous valuations should be monitored on an annual basis. The analysis in this year’s report covers the UK market and addresses several key questions:
1 How much do sale prices differ from previous valuations?
2 Are differences random or were sale prices consistently above or below the latest valuation?
Findings are presented at the all property level with further analysis by property type and location. Raw data tables are located in Appendix 1, followed by a detailed explanation of the methodology at the end of the report.
Source : RICS