VerbatimParliament, as it happens

Property: Valuation

Asked by David SimmondsConservativeTreasuryTabled Answered 22 January 2025UIN 24511

The question

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.

Answered by James Murray

The approach has been endorsed in reviews by both the Centre for Appraisal Research and Technology and the International Association of Assessing Officers.

Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →

Open this question in Verbatim →

Every written question, searchable

155,000 questions tabled since the election, with the answer each department gave — and the ones still unanswered, with the clock running. Free to search.

Search written questions →Read on Verbatim