Stigma and value
Language: English Series: Appraisal Journal ; 60(1) January 1992, 7-13(7)Publication details: 1992Subject(s): Summary: The value effects of contamination are currently receiving considerable attention. Direct market evidence, such as that provided by comparable sales, is difficult to obtain and often does not offer significant insight into factors that influence the value of contaminated property. The meagre evidence available suggests that the market is acting irrationally as a result of a difference between real and perceived risk and that unexplained value effects exist (ie the value of a clean property does not equal the contaminated value plus the cost to cure). This article discusses the causes of stigma as well as how stigma may explain a great deal of present market uncertainty.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | A342 (Browse shelf(Opens below)) | 1 | Available | 28568-1001 |
The value effects of contamination are currently receiving considerable attention. Direct market evidence, such as that provided by comparable sales, is difficult to obtain and often does not offer significant insight into factors that influence the value of contaminated property. The meagre evidence available suggests that the market is acting irrationally as a result of a difference between real and perceived risk and that unexplained value effects exist (ie the value of a clean property does not equal the contaminated value plus the cost to cure). This article discusses the causes of stigma as well as how stigma may explain a great deal of present market uncertainty.