Valuation accuracy: Developing the economic issues

Abstract

Summary The criticism of the regression method for examining valuation accuracy suggested by Colin Lizieri and Piers Venmore‐Rowland in the paper Valuation accuracy: a contribution to the debate (Journal of Property Research, 8, 115–22 (1991)), is flawed in its analysis. This paper discusses the issues they raised and shows that they are neither a true criticism of the regression approach nor are they a true criticism of valuation accuracy.