The cost of getting a house valued is about to rise because of increasing insurance costs for valuers, says a real estate leader.
Saturday, October 11th 2003, 5:09AM
by The Landlord
Property Institute chief executive Conor English said insurance companies were charging valuers more for professional indemnity insurance. He blamed this on the insurance companies' losses suffered on the international share market.
But Insurance Council chief executive Chris Ryan said falling sharemarket prices were only one factor driving up premiums.
He said many other professional groups such as accountants were also facing rises.
