‘Same’ methods to price property
The head of the sector’s representative body admitted the situation to the banking inquiry on the same day as auditors also defended their role in failing to ring alarm bells.
Under questioning from Sinn Féin finance spokesman Pearse Doherty, The Institute of Professional Auctioneers and Valuers chief executive Patrick Davitt said that during the boom standards in the sector were not robust enough to flag concerns.
