Consumer behaviour in the valuation of residential property
Daly, J.
Consumer behaviour in the valuation of residential property - 2003 - Property Management 21(5) 2003, 295-314(20) .
Reports on the results of empirical investigations that examine behavioral aspects of residential property valuations. Analyses both the attitudes of the consumers of residential property and the actual valuation methods used by valuers to determine whether they account for buyer behaviour accurately. Concludes that although valuers believe that buyer behaviour is an important part of the valuation process they do not consider buyer preferences. They have reduced the valuation task to a confirmation of bid price and because of lender pressure which occurs worldwide, valuers overlook the economic sustainability of the property asset, which has severe implications for housing markets and national economies that interact with these markets. Tables and references. [Taken from journal abstract].
RESIDENTIAL PROPERTY
BEHAVIOUR
UNITED KINGDOM
IRELAND
AUSTRALIA
Consumer behaviour in the valuation of residential property - 2003 - Property Management 21(5) 2003, 295-314(20) .
Reports on the results of empirical investigations that examine behavioral aspects of residential property valuations. Analyses both the attitudes of the consumers of residential property and the actual valuation methods used by valuers to determine whether they account for buyer behaviour accurately. Concludes that although valuers believe that buyer behaviour is an important part of the valuation process they do not consider buyer preferences. They have reduced the valuation task to a confirmation of bid price and because of lender pressure which occurs worldwide, valuers overlook the economic sustainability of the property asset, which has severe implications for housing markets and national economies that interact with these markets. Tables and references. [Taken from journal abstract].
RESIDENTIAL PROPERTY
BEHAVIOUR
UNITED KINGDOM
IRELAND
AUSTRALIA