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Market information management for better valuations: Part I ‐ concepts and definitions of price and worth

Nick French (Acacia Lecturer in Land Management in the Department of Land Management and Development, The University of Reading, Whiteknights, Reading, UK)

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 December 1997

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. 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 I provides an exposition of the range of valuation techniques available.

Keywords

Citation

French, N. (1997), "Market information management for better valuations: Part I ‐ concepts and definitions of price and worth", Journal of Property Valuation and Investment, Vol. 15 No. 5, pp. 403-410. https://doi.org/10.1108/14635789710189164

Publisher

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MCB UP Ltd

Copyright © 1997, MCB UP Limited