Assessing subjectivity in the valuation of retail properties in Spain
Language: English Series: Journal of Property Research ; 23(1) March 2006, 53-74(22)Publication details: 2006Subject(s): Summary: 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].| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L134362 (Browse shelf(Opens below)) | 1 | Available | 134362-1001 |
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].