Pricing to market: property valuation methods – a practical review

IF 1.6 Q3 BUSINESS, FINANCE Journal of Property Investment & Finance Pub Date : 2020-12-22 DOI:10.1108/jpif-09-2020-0101
L. Gabrielli, N. French
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引用次数: 9

Abstract

PurposeValuation is the process of determining Market Value. Property valuation, as with the valuation of all assets, is an estimation of price in the market. It is value in exchange. The valuer role is to determine the appropriate approach, the method and use the right model to achieve this aim as best as possible. It is a combination of analysing the market and determining the critical variables for the valuation method/model. The method is separate from the valuation process which should be followed (according to the International Valuation Standards Council Valuation Standards) regardless the valuation method chosen. There are valuation approaches, valuation methods and, as a subset of the methods, techniques or models.Design/methodology/approachThis practice briefing is an overview of the Valuation Methods and Models available to the valuer and comments on the appropriateness of valuation each in assessing Market Value for specific property types.FindingsThis briefing is a review of the valuation methods and models and models that can be applied to determine market value.Practical implicationsThe role of the valuer in practice is to identify the method of valuation and then apply the correct mathematical model for the valuation task in hand.Originality/valueThis provides guidance on how valuations can be presented to the client in accordance with the International Valuation Standards.
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定价市场化:物业估价方法的实用回顾
目的估价是确定市场价值的过程。房地产估价与所有资产的估价一样,是对市场价格的估计。这是交换的价值。估价师的职责是确定适当的方法和方法,并使用正确的模型尽可能最好地实现这一目标。它是分析市场和确定估值方法/模型的关键变量的结合。该方法与应遵循的估价过程是分开的(根据国际估价标准委员会估价标准),无论选择何种估价方法。有估价方法、估价方法,以及作为方法、技术或模型的子集。设计/方法/方法本实践简报概述了估价师可用的估价方法和模型,并对评估特定房地产类型市场价值时每种估价的适当性提出了意见。发现本简报回顾了可用于确定市场价值的估值方法、模型和模型。实际含义估价师在实践中的作用是确定估价方法,然后将正确的数学模型应用于手头的估价任务。独创性/价值这为如何根据国际估价标准向客户提供估价提供了指导。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.50
自引率
23.10%
发文量
33
期刊介绍: Fully refereed papers on practice and methodology in the UK, continental Western Europe, emerging markets of Eastern Europe, China, Australasia, Africa and the USA, in the following areas: ■Academic papers on the latest research, thinking and developments ■Law reports assessing new legislation ■Market data for a comprehensive review of current research ■Practice papers - a forum for the exchange of ideas and experiences
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