ABSTRACT
UK valuers have a reputation for conservatism (with a small ‘c’), disliking innovation and change in the methods that they use. Whether this reputation is valid for all is open to doubt but most people in the property industry would recognise some truth in the statement. It is paradoxical then that, when the history of the valuation of investment property is reviewed, it is apparent that valuation techniques have constantly changed and adapted as the property market itself has evolved.
