Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 12 March 2024 to Question 16860 on Housing: Valuation, how many value estimates have been produced using the Valuation Office Agency's automated valuation model.
The Welsh Government has commissioned the Valuation Office Agency (VOA) to carry out a revaluation of all domestic property in Wales. To facilitate this, the VOA has built an Automated Valuation Model which has produced values for 1.46 million properties.
The following external datasets were used:
Additionally, as part of model development, sales verification was undertaken. VOA staff used a range of available data, such as aerial and street view photography, sales particulars, EPC certificates and Local Authority Planning websites to verify the usefulness of the sale.
The VOA has not collected additional codes over and above those already used within England and Wales.
I would observe that this is a policy proposed by the Labour Welsh Government, and does not represent the policy position of the UK Government in England.