A national valuation evidence database: the future of valuation data provision

This article discusses the future of property valuation data provision by examining a new data initiative designed to increase valuation data availability known as a National Valuation Evidence Database (NVED). This NVED will be an on‐line source of comparable evidence which, when combined with the National Land Information System, will provide valuers with a single source of on‐line valuation evidence. It is argued that the future of valuation data provision will revolve around these two initiatives and that it is up to property professionals to take the lead in encouraging these initiatives, to indicate to their clients a progressive attitude towards property service provision.