House of Lords Determine Compensation Basis

The basis of a surveyors negligence claim is established in law by a precedent known as "The Banque Bruxelles Principle" which has been established by the House of Lords. The basis of this principle is that a surveyor cannot be held liable for a fall in the market but can in fact only be held liable for the losses that can be attributed to the overvaluation.

The details of this can be found here:

http://www.publications.parliament.uk/pa/ld199899/ldjudgmt/jd990218/plat02.htm