RICS in London: Good comparables, bad comparables and no comparables

Overview

Valuers are increasingly facing allegations of negligence for using inadequate comparables or relying solely on online data without proper groundwork. Some speculative valuations involve significant risk profiles, requiring professional judgment where direct comparisons aren’t possible. This raises the question: how can valuers protect themselves from future claims that their judgment was outside the range expected by competent professionals?

Bruce Maunder Taylor, FRICS was elected as a member of the RICS in 1976 and is a member of The Academy of Experts. Since 1992 he has been on the RICS Panel of Arbitrators & Experts. Bruce is a senior partner in Maunder Taylor Chartered Surveyors. He specialises in the valuation of commercial and residential property and statutory valuations. He also specialises in residential block management and assisting parties with management disputes. Bruce is a well renowned public speaker who has spoken many times for the RICS Northeast London branch.