PROPERTY VALUATIONS
Note Of Warning Issued
The Public Relations Committee of the New Zealand Institute of Valuers states that registered valuers are in complete agreement with a declaration by the American Federal Housing Authority, which states:— “There is no virtue in undervaluation of properties and great risk of loss is introduced by over-valuation. Valuers must avoid both under-valua-tion and over-valuation. Attention is directed to the fact that speculative elements cannot be considered as enhancing .the security of residential loans. On the contrary, such elements enhance the risk of loss to mortgagees who permit them to creep into the valuations of properties upon which they make loans. Valuers should not report valuations that cannot be justified by existing • conditions.”
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https://paperspast.natlib.govt.nz/newspapers/ODT19501211.2.51
Bibliographic details
Otago Daily Times, Issue 27569, 11 December 1950, Page 4
Word Count
118PROPERTY VALUATIONS Otago Daily Times, Issue 27569, 11 December 1950, Page 4
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