市场定价:市场价值——误解之谜

IF 1.6 Q3 BUSINESS, FINANCE Journal of Property Investment & Finance Pub Date : 2021-05-28 DOI:10.1108/JPIF-05-2021-0041
N. French, N. Crosby, Christine Thorne
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引用次数: 4

摘要

市场价值是对市场价格的估计。它是交换的价值。评估师的角色是确定适当的方法和方法,并使用正确的模型来尽可能地实现这一目标。然而,所有估价和财产分析的基础是估价标准和定义。本文着眼于市场价值的定义以及一些市场参与者如何误解甚至歪曲它。在市场低迷时尤其如此。设计/方法/方法本实践简介概述了市场价值作为价格定义的作用,以及它如何经常被房地产市场的利益相关者滥用。本简报是对估值定义的回顾,澄清它们的含义和不含义。实际含义在实践中,评价者的角色是为手头的任务使用适当的定义。对这些定义的理解是评估过程的核心。原创性/价值本指南就如何按照国际估价准则向客户提交估价定义提供指导。
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Pricing to market: market value – the enigma of misunderstanding
PurposeMarket value is an estimation of price in the market. It is value in exchange. The valuer's role is to determine the appropriate approach, the method and use the right model to achieve this aim as best as possible. However, underpinning all valuations and property analysis are valuation standards and definitions. This paper looks at the definition of market value and how some market participants may misunderstand or even misrepresent it. This is particularly true when there is a downturn in the market.Design/methodology/approachThis practice briefing is an overview of the role of market value as a definition of price and how it is often misused by stakeholders in the property market.FindingsThis briefing is a review of the valuation definitions clarifying what they mean and what they do not mean.Practical implicationsThe role of the valuer in practice is to use the appropriate definition for the task in hand. The understanding of those definitions is central to the valuation process.Originality/valueThis provides guidance on how valuation definitions can be presented to the client in accordance with the International Valuation Standards.
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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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