Assessing the value, price and worth of commercial property
Asson, T.P.O.
Assessing the value, price and worth of commercial property - 1995 - Property Review July/August 1995, 171-173(3) .
Taking as a starting point Michael Mallinson`s assertion that valuers do not understand the concepts of value, price and worth, the author concentrates on definitions of value, which includes changes in the new Red Book, and then looks at the meaning of worth and price in connection with value.
DEFINITIONS
ESTIMATED REALISATION PRICE
EXISTING USE VALUE
MALLINSON REPORT
OPEN MARKET VALUE FOR ALTERNATIVE USE
OPEN MARKET VALUE FOR EXISTING USE
OPEN MARKET VALUE
PRICE
RICS APPRAISAL AND VALUATION MANUAL
Valuation
VALUE
WORTH
Assessing the value, price and worth of commercial property - 1995 - Property Review July/August 1995, 171-173(3) .
Taking as a starting point Michael Mallinson`s assertion that valuers do not understand the concepts of value, price and worth, the author concentrates on definitions of value, which includes changes in the new Red Book, and then looks at the meaning of worth and price in connection with value.
DEFINITIONS
ESTIMATED REALISATION PRICE
EXISTING USE VALUE
MALLINSON REPORT
OPEN MARKET VALUE FOR ALTERNATIVE USE
OPEN MARKET VALUE FOR EXISTING USE
OPEN MARKET VALUE
PRICE
RICS APPRAISAL AND VALUATION MANUAL
Valuation
VALUE
WORTH