Valuation in a declining market (global) [electronic resource]
Valuation in a declining market (global) [electronic resource]
- [London] RICS [2009?]
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.
United Kingdom--
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.
United Kingdom--