Probably does not come as much of a surprise to anyone involved in UK property sales, but worth pointing out:
More than two thirds of UK property disposals last year were sold at prices below their valuations, according to the IPD/RICS Valuation and Sale Price Study 2009.
The study was published yesterday at the annual IPD/IPF Property Investment Conference in Brighton.
Rebecca Graham, senior analyst at IPD told delegates at the pre-conference briefing on property valuation accuracy that by contrast the three other major European markets in the study – France, Netherlands and Germany – all achieved a sale premium to valuation.
For more news from the IPD/IPF conference, check out the conference blog here.
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