Market information management for better valuations
- 1 December 1997
- journal article
- Published by Emerald in Journal of Property Valuation and Investment
- Vol. 15 (5), 411-422
- https://doi.org/10.1108/eum0000000004423
Abstract
In March 1994 the Mallinson Working Party on commercial property valuations produced their report outlining a number of initiatives which the RICS should undertake to help improve the standing of the valuation survey within the business world. The recommendations related to the need to improve the technical element of the valuers’ skill by updating and extending the mathematical models; extending the access to and the use of data and revising the way in which they express their judgement. This, the RICS consider, is an exercise which should be addressed by education and guidance. In addition, as new methodologies are adopted, which are more explicit in their use and interpretation of data, so the profession will need to address the way in which data are collected and analysed. The role of research in real estate markets will become increasingly important. As information availability increases, the role of the valuer will need to change to provide the client with more analysis, interpretation and professional judgement. To be able to do this effectively, the profession will need to adopt new valuation techniques to utilize better the information available. Part II identifies and collates the salient market information to be subsumed into the valuation, or calculation of worth, model.Keywords
This publication has 9 references indexed in Scilit:
- Property Investment DecisionsPublished by Informa UK Limited ,2003
- PRACTICE PAPER: Investment valuation Developments from the Mallinson ReportJournal of Property Valuation and Investment, 1996
- PRACTICE PAPER: Price and worth Developments in valuation methodologyJournal of Property Valuation and Investment, 1996
- Price formation, mispricing and investment analysis in the property marketJournal of Property Valuation and Investment, 1996
- Applications of the arbitrage method of valuationJournal of Property Research, 1996
- A note on “The initial yield revealed: explicit valuations and the future of property investment”Journal of Property Valuation and Investment, 1995
- Valuation and arbitrageJournal of Property Research, 1995
- The Initial Yield Revealed: Explicit Valuations and the Future of Property InvestmentJournal of Property Valuation and Investment, 1992
- Discounted CashflowsJournal of Property Valuation and Investment, 1991