‘De-risking’ and financial exclusion
Our client, a property developer, relied on the expertise of his surveyor to value a site of significant importance to our client’s property development plans. Our client purchased the site but later discovered that the valuation provided was significantly overstated and that he had paid “over the odds” for the site.
Valuation claims can be particularly difficult as to prove negligence it is necessary to show that the alleged negligent valuation was outside the “bracket” for such valuations. This was one of those outside the bracket cases and we were able to establish this by the use of expert evidence at an early stage.
Following a successful settlement meeting we were able to recover a significant amount of the losses incurred by our client.
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