Property Value vs Price

[Onewisdom]

The Department of Land and Surveys publish a land valuation.
Is that the price that sellers base their selling price for vacant land?
Thank You!

[Nigel Howarth]

Hi Onewisdom and welcome to the forum.

The Land Registry valuation is for taxation purposes only and will included everything shown in the title - house, apartment, etc. (Also the Interior Minister has admitted that there are massive mistakes in the recent land registry valuations).

The actual 'value' of land/immovable property is what someone is prepared to pay for it. Sellers tend to set the price of a property on how much they would like to get for it - in many cases these prices are overblown.

Regards,