A database of negligent valuation cases and literature

Abstract

This paper forms part of a larger funded research project conducted jointly by the University of Reading and Oxford Brookes University. The purpose of the project was an investigation of negligent valuation and advice, in relation to commercial property lending. A major interview exercise to obtain data relating to commercial loan valuation practice was undertaken. This work, and its initial results, have been reported elsewhere and do not form the main subject matter of this paper, but are referred to. The second part of this project derived from a comprehensive literature search in the area of setting up of a data‐base of sources for research and possible commercial exploitation. It is the database, the rationale for its creation, its features, and prospects for use which are the subject matter of this paper. The paper considers the background to the most recent decisions; the importance of the case law in understanding valuers’ liability exposure; the compilation of the database; the intentions as to its operation and use; and conclusions on the extent to which the project’s objectives regarding the database have been achieved and its potential for further development in the future.

Citation

Foster, H. and Lavers, A. (1998), "A database of negligent valuation cases and literature", Journal of Property Valuation and Investment, Vol. 16 No. 1, pp. 87-98. https://doi.org/10.1108/14635789810205146