WHAT IS IT WORTH?

In this fast changing world, where global markets are responding rapidly to daily events, the difficulty of being able to accurately value real estate has become increasingly apparent.  By nature, property valuations are undertaken by considering comparable evidence from similar properties and then making adjustments for the physical attributes of the property being valued.   

Relying on transactions that have already completed means this is inevitably a backward looking exercise.  The problem is then exacerbated, when there are no comparables or, as in our case, the market has been effectively locked down. In addition, the daily restrictions placed on being able to go out and about, means that even inspecting a property has not, until recently, been possible. This, together with the uncertainty as to how the future may play out, only compounds the issue.

As RICS Registered Valuers, Watts Property Consultants are fortunate enough to have access to clear guidance from RICS and IVSC on how to address these challenging times. This enables valuations to continue on a transparent basis, using the best information available. Cross-checked with a variety of different valuation methods, allows professional valuers to continue to play their part in restoring market confidence. This will ultimately allow transactions to continue, banks to lend and the economy to bounce back more quickly.

Watts Property Consultants have an experienced team of valuers that can help with commercial property and residential valuations. For assistance or further information, please contact Joanna Watts or Wing Lai on [email protected] or at 07781 412578.