Consumer behaviour in the valuation of residential property
Series: Property Management ; 21(5) 2003, 295-314(20)Publication details: 2003Subject(s): Summary: 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].| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS67571 (Browse shelf(Opens below)) | 1 | Available | 125318-1001 |
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].