Ian Pitt Talks Valuation

We recently caught up with Ian Pitt, Head of Valuation and Partner at Bruton Knowles, to ask him a few questions about the ever-changing industry.

Ian is very positive about the growth that has been achieved, specifically in The Midlands so far in 2024.

“The year has started very strongly in terms of valuation quotes and those being converted into instructions.

“The end of 2023 was somewhat mixed in terms of consistency with the number of instructions coming in, however certainly over the last two months it has been stronger and there has been a notably higher level of sustained instructions.”

Ian also mentioned the greater use of AI in the valuation sector and the positive change it has welcomed.

“AI can enable us to continue to provide high-quality valuation reports, while reducing the turnaround times from instruction through to completion of the report.”

When asked if there was an area he’d like to change in the sector, Ian had one answer…

“Given the shortage of valuation skill in the industry, which appears to be a national issue, it is important for employers to provide all the tools that a valuer requires to continue to deliver high-quality professional advice, while also considering the work-life balance where hybrid working now seems to be the norm.”