Valuation in a declining market (global) [electronic resource]
Language: English Publication details: [London] RICS [2009?]Subject(s): Online resources: Summary: RICS position paper on valuation in a declining market. The valuation of property assets in the declining market is unusually challenging because of the reduction in the number of comparable transactions in a rapidly declining economic climate. To maintain valuation standards, RICS reinforced the principles set out in Guidance Note 5 (GN5) of its Red Book in March 2009, which defines and outlines recommendations on how to tackle valuation uncertainty.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 151960-1001 |
RICS position paper on valuation in a declining market. The valuation of property assets in the declining market is unusually challenging because of the reduction in the number of comparable transactions in a rapidly declining economic climate. To maintain valuation standards, RICS reinforced the principles set out in Guidance Note 5 (GN5) of its Red Book in March 2009, which defines and outlines recommendations on how to tackle valuation uncertainty.