Hello, I’m looking for someone who can help me with what I hope is a fairly straightforward question regarding property law; it’s to do with how market value of residential properties is determined (i.e. not conveyancing). If anyone knows/can recommend someone who works in this area I would be grateful if you could pass on their details. Or if anyone is a property lawyer themselves and might be able to assist I would be so grateful. Thanks, Katherine
Property lawyer recommendation?
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This sounds more like an accountancy question.
You could start by asking an estate agent how they would value the property and/or for a valuation.
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Thanks @Sherwood. We need to get some advice on the legal definition of market value (and how this definition can be used) for an arbitration case, rather than a valuation of a property, so unfortunately an estate agent won’t be able to help in this instance.
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Then it sounds like you need a surveyor. They advise on market value for lease extensions so should be able to help you for what you need.
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Christopher Martin at Michael Rogers Tunbridge Wells has extensive knowledge of property values in south east London.
He is a surveyor who we used frequently for valuations for lease extensions on behalf of our freehold company.
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You need an RICS surveyor - if its for arbitration I would suggest that you get a surveyor who can do red book valuations.
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Thanks everyone for your suggestions.