Testing land valuation methodologies

The Welsh Government commissioned this project to test, compare and understand
a range of methodologies for estimating land values in Wales. The work does not
attempt to identify a single “true” value for land. Instead, it assembles the most
comprehensive Wales-wide land, property and amenity datasets yet brought
together, applies multiple modelling approaches at national and local levels, and
examines how members of the public respond to different valuation methods. The
findings show what can be achieved with today’s data, what cannot, and where
future effort would most usefully be directed.