| Comment | "the base value" in other countries is an estimation of the actual market value, it is a guess, and somethings things go above or below but its more often in the same ballpark, as in your example sometimes a little over, sometimes a little under. There are exceptions but thats the point, they are exceptions.
In Scotland the mismatch between the home report value and selling price is not an exception its the rule. I think last time I looked it was like >70% of homes sold in Glasgow and Edinburgh were at least 20% over the HR value.
The result of this is that first time homeowners can get mortages for properties outside Scotland without fronting nearly as much cash as they would need to here. |
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