Valuers must shield buyers and lenders from risk of housing crash
London and Aberdeen have been singled out as examples of emerging housing bubbles which run the risk of an unexpected and sharp drop in prices when the bubble bursts.
This raises the question of whether any of the lessons have been learned from the housing crash
Fergusson said chartered surveyors undertake considerable risk management and comparable analysis processes to protect buyers and lenders against a widening gap between what they have paid for their house and its valuation.