The IPD Valuation and Sale Price research study has been running under various guises for over 20 years.

It was first undertaken as a collaborative study with the RICS in 2003, in response to the Carsberg report.

This recommended that the relationship between achieved sale prices and previous valuation should be monitored on an annual basis.

Since then this report has developed into an in-depth analytical study comparing sale prices in each year with preceding valuations.

This year the report focuses on the UK market and asks six questions:

1. How much do sale prices differ from the previous valuation?
2. Why are sale prices different from the preceding valuation?
3. Are the gaps random or were sale prices consistently above or below the latest valuation?
4. How much did the results differ across market segments?
5. How much of a sale price can be explained by its preceding valuation?
6. Do preceding valuations tend to be systematically too optimistic or pessimistic?

Chapter 1 looks at the methodology. Chapter 2 and 3 contains the all property and segment analysis respectively.

The raw results can be found in the appendix.

For further enquiries please contact Luay Al-Khatib at valuation.faculty@rics.org.