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Lies & Statistics: On the lost art of valuing property
Portals have given vendors the ability to do their own research, but gauging the right asking price remains beyond the reach of machines, says Patrick Alvarado

Patrick Alvarado is a Director of boutique estate agency Nicolas Van Patrick, based in Knightsbridge. He was born in Madrid and moved to Knightsbridge with his family in the early 70’s where he lived for 25 years. He is trilingual and has 15 years property experience in the prime central London market where he worked in sales for a leading estate agency before going on to open and manage their South Kensington office.
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It is a shame that the valuation process is often lost in the pounds-per-square-foot exercise while key factors - including uniqueness and development potential - remain overlooked, writes Nic Pejacsevich…
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No one knows when some sort of new normality will return, writes Patrick Alvarado, but those firms that manage to see out the crisis may end up stronger as a result...
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