Rics report highlights ''accuracy'' of commercial property valuation
Date posted: 04 Nov 2009
Valuations in the commercial property sector have proven fairly accurate in a number of European regions despite recent volatility, new figures suggest.
The latest Valuation and Sale Price Report published by the Royal Institution of Chartered Surveyors (Rics) finds that in the UK last year, 59.5 per cent of commercial property valuations fell within a ten per cent margin of their ultimate selling price.
This figure is said to compare with 62.4 per cent in the Netherlands and 60 per cent in Germany.
Valuations in the commercial property sector have proven fairly accurate in a number of European regions despite recent volatility, new figures suggest.
The latest Valuation and Sale Price Report published by the Royal Institution of Chartered Surveyors (Rics) finds that in the UK last year, 59.5 per cent of commercial property valuations fell within a ten per cent margin of their ultimate selling price.
This figure is said to compare with 62.4 per cent in the Netherlands and 60 per cent in Germany.
Luay Al-Khatib, a spokesperson for Rics, suggested that those working within the valuation sector appear to have performed well considering recent market turbulence.
They said: "The dearth of global finance impeded investment activity with the number of transactions declining in most markets.
"However, rising yields attracted greater interest, particularly in the UK where capital values fell sharply."
Meanwhile, Rics recently launched new guidance to help rural firms in the UK develop effective energy strategies.
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