TY  - JOUR
AB  - States that the issue of contamination can have a substantial impact on land and property values. Reviews contaminated land valuation theory from the USA and the UK. Describes methods employed to determine “best practice” valuation approaches for the valuation of contaminated land and property. Focuses on reversionary freehold investment properties and discusses issues which need to be considered and addressed in the process of valuing or appraising contaminated land or property. Notes that the most suitable valuation and appraisal framework is found to be a “cost‐to‐correct” approach. Presents a worked example, detailing factors to be considered and methods employed. Suggests improvements to professional guidance and the establishment of a “contaminated comparables” database.
VL  - 14
IS  - 4
SN  - 0960-2712
DO  - 10.1108/14635789610153434
UR  - https://doi.org/10.1108/14635789610153434
AU  - Richards Tim
PY  - 1996
Y1  - 1996/01/01
TI  - ACADEMIC PAPERS: Valuing contaminated land and property: theory and practice
T2  - Journal of Property Valuation and Investment
PB  - MCB UP Ltd
SP  - 6
EP  - 17
Y2  - 2024/09/20
ER  -