In the Property Market Support Bond booklet (page 9 Q6), why is no comparable area listed for index- linking purposes?
On the index-linking mechanism, it isn’t mentioned in Step 6 on page 9 because it doesn’t apply at that stage: the June 2002 value is not determined by reference to the Greater London index. The June 2002 value is worked out by the RICS valuer looking at actual house sales in the area in June 2002, when they conduct their valuation. It is that price which is then inserted in the Bond.
Related Questions
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- In the Property Market Support Bond booklet (page 9 Q6), why is no comparable area listed for index- linking purposes?
- Top of page 10.Will the assessed capital value of a property be the same as the open market value?
