Legislation for this type of fund means property valuations have to be carried out by an independent valuer. They visit every property at least every 12 months and provide a valuation following that physical inspection. For the other 11 months of the year, the independent valuer provides a ‘desktop valuation’ – meaning that they refer to their last physical inspection and update the valuation according to information they have on properties being bought and sold in the local area.
However, property valuation is ultimately a matter of opinion rather than fact. In other words, you can’t guarantee that the price it is valued at will be the price it is sold at.