Ms Marie Baker:

And interest in many cases. The circumstances of the initiating notice is the crystallising date for valuation and this gives rise in the example given by the Deputy to a situation where a hearing before an arbitrator can take days because there are many valuers giving different views. The valuers, with hindsight, can say it was not worth that at all and it was an illusory price, while the valuer giving evidence on behalf of the landowner will say that the price agreed was what they would have got on the day.