Assessing subjectivity in the valuation of retail properties in Spain
Taltavull de la Paz, Paloma
Assessing subjectivity in the valuation of retail properties in Spain - 2006 - Journal of Property Research 23(1) March 2006, 53-74(22) .
The extent to which subjective influences affect assessed valuations is an under-researched area. Valuation practice within Spain is seemingly less developed than in the UK and other western European countries and explicitly allows for subjective adjustments. This study seeks to quantify the impact of this effect on the valuation of retail property. Results show that subjectivity corrects the model by as much as 12%. Demonstrates that the variables with the greatest impact are age of property and construction quality rather than economic/market factors. [Taken from journal abstract].
SPAIN
Assessing subjectivity in the valuation of retail properties in Spain - 2006 - Journal of Property Research 23(1) March 2006, 53-74(22) .
The extent to which subjective influences affect assessed valuations is an under-researched area. Valuation practice within Spain is seemingly less developed than in the UK and other western European countries and explicitly allows for subjective adjustments. This study seeks to quantify the impact of this effect on the valuation of retail property. Results show that subjectivity corrects the model by as much as 12%. Demonstrates that the variables with the greatest impact are age of property and construction quality rather than economic/market factors. [Taken from journal abstract].
SPAIN