In valuation disputes, it's the client's fault as much as the valuer's

摘要

Astring of valuation rows - most recently between private investorfund Clanmore Property Fund and the Royal Bank of Scotland (professional, overleaf) - have placed this part of the property profession under close scrutiny. In particular, it appears that investors and developers complain that valuers take too bullish a view of secondary property valuations. But I would disagree. In my experience, valuers are more often criticised by clients for being too cautious.