Skip to main content

REP staff shortlisted for Research Impact Award

P1010551 mtime20200407152013

The Research Engagement and Impact Awards celebrate excellence in research that addresses real world problems and changes the world around us. Research from the Department of Real Estate and Planning has therefore been recognised as having raised UK and international standards in property valuation. It has influenced global monetary policy towards improving the financial stability of nations, and is set to shape how affordable housing is delivered in England.

Crosby, Devaney and Hughes have developed robust new long-term valuation models for real estate. Through doing so, they are bringing industry bodies together to agree new bases and methods of valuation for use by valuers internationally to improve the transparency of secured lending.

Their commercial property valuation model has been adopted by the International Monetary Fund for some of its individual country financial stability assessments and, in the UK, it contributes to the Bank of England’s annual resilience tests of UK banks and commentaries on the commercial property within its periodic Financial Stability Report.

Research into property valuation by Crosby, McAllister and Wyatt has also driven changes in how developments are appraised internationally and identified flaws in UK Government planning policy regarding the provision of affordable housing in England.

Crosby and Wyatt authored best practice international guidance for the valuation of development land for the Royal Institution of Chartered Surveyors. Now they are shaping the way the revised National Planning Policy Framework is applied, closing loopholes that allowed developers to reduce the amount of affordable housing within residential developments.

For more information on the awards and the other shortlisted projects: Research Engagement and Impact Awards 2020

Project Partners

University of Cambridge


Investment Property Forum

Published 7 April 2020

You might also like

Health project research funding awarded to Real Estate and Planning at Henley Business School

10 May 2019
Henley news

Ed Shepherd wins Research Output Prize

21 March 2019
Dr Edward Shepherdhas been awarded a Research Output Prize by the University of Reading.
Department news

Budget 2021: Chancellor in danger of stoking short-lived mini housing boom

3 March 2021
Professor Michael Ball comments on the housing market announcements made by the UK Chancellor during his Spring Budget 2021 speech.
Leading insights