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The assessment of the reduction in value of a building caused by the discovery of defects or D = P – (c/y)

Malcolm Hollis (Professor of Building Surveying at the University of Reading and Fellow of the Department of Construction Management of the University of Reading)

Structural Survey

ISSN: 0263-080X

Article publication date: 1 January 1991

Abstract

Discusses the current policies used in the assessment of the reduction in value of a building by the discovery of defects, using examples from court cases. Outlines the problems with the current methods and suggests further ways of assessing the value of a defective property. Examines the effect of the market on diminution and suggests the use of the formula D = P – (c/y) to calculate it. Explores the effect of urgency of a repair. Suggests that the absence of an agreed method of calculating diminution in value has led to the courts making their own rules.

Keywords

Citation

Hollis, M. (1991), "The assessment of the reduction in value of a building caused by the discovery of defects or D = P – (c/y)", Structural Survey, Vol. 9 No. 1, pp. 46-50. https://doi.org/10.1108/EUM0000000003242

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited