Implications of valuation methods for the management of property assets
Sayce, S.
Implications of valuation methods for the management of property assets - 1998 - Property Management 16(4) 1998, 198-207(10) .
Reviews the changing requirements placed on the valuation process and the growing and recognised need for valuers to be cognisant of the difference between the concepts of value-in-exchange (market price valuations) and value-in-use (calculations of worth) and to question the underlying purpose of valuations in the management process. Research work by the authors highlights the difficulties in accommodating these changes in the field of publicly owned leisure properties. (Taken from journal abstract)
BASIS OF VALUATION
DEPRECIATED REPLACEMENT COST
ESTIMATED REALISATION PRICE
GOING CONCERNS
LEISURE PROPERTIES
MANAGEMENT PROCESS
METHODOLOGY
OPEN MARKET VALUE
PUBLIC SECTOR ASSETS
RESEARCH
SPECIALISED PROPERTIES
VALUATION PROCESS
VALUE IN EXCHANGE
VALUE IN USE
WORTH
Implications of valuation methods for the management of property assets - 1998 - Property Management 16(4) 1998, 198-207(10) .
Reviews the changing requirements placed on the valuation process and the growing and recognised need for valuers to be cognisant of the difference between the concepts of value-in-exchange (market price valuations) and value-in-use (calculations of worth) and to question the underlying purpose of valuations in the management process. Research work by the authors highlights the difficulties in accommodating these changes in the field of publicly owned leisure properties. (Taken from journal abstract)
BASIS OF VALUATION
DEPRECIATED REPLACEMENT COST
ESTIMATED REALISATION PRICE
GOING CONCERNS
LEISURE PROPERTIES
MANAGEMENT PROCESS
METHODOLOGY
OPEN MARKET VALUE
PUBLIC SECTOR ASSETS
RESEARCH
SPECIALISED PROPERTIES
VALUATION PROCESS
VALUE IN EXCHANGE
VALUE IN USE
WORTH