THE VALUATION OF ‘NO‐MARKET’ PROPERTY ASSETS

Abstract

Since 1974 a great deal of thought has been given to the valuation of the property assets of public limited companies. The ‘Guidance Notes’ published jointly by the Royal Institution of Chartered Surveyors and the Institute of Chartered Accountants in that year have been revised progressively, culminating in the Second Edition of 1981 However, the recommendations, both in Guidance Note 14 and the relevant Background Paper 3, concerning properties that are rarely sold on the open market still leave a great deal undiscussed. The criticisms of the recommended method, Depreciated Replacement Cost, voiced by Rayner in 1976 are dealt with only in part in Guidance Note No. 14.

Citation

RAYNER, M. (1983), "THE VALUATION OF ‘NO‐MARKET’ PROPERTY ASSETS", Journal of Valuation, Vol. 1 No. 2, pp. 136-141. https://doi.org/10.1108/eb007928