Property: Valuation
Commons · Question 24511 · Tabled 16 Jan 2025 · Treasury · Official record
Answered 22 Jan 2025
Question
Asked by David Simmonds
To ask the Chancellor of the Exchequer, pursuant to the Answer of 27 November 2024 to Question 14949 on Property: Valuation, who recommended the use of Gaussian Markov Random Fields in the Automated Valuation Model.
Answer
Answered by James Murray, 22 Jan 2025
The approach has been endorsed in reviews by both the Centre for Appraisal Research and Technology and the International Association of Assessing Officers.