Addressing risk and uncertainty in property valuations: a viewpoint from Germany
Language: English Series: Journal of Property Investment and Finance ; 24(5) 2006, 400-433(34)Publication details: 2006Subject(s): Summary: A discussion of approaches to the issue of risk and uncertainty within valuation reports, and how these options might be used by valuers working within the German property market. The authors begin by discussing the background to the subject, and then go on to discuss how risk and uncertainty within valuations is dealt with in a UK context. A property rating system which, the authors believe, could be used by valuers to address and communicate the risk associated with valuations is then set out, and approaches to dealing with uncertainty, especially where there is insufficient market information, are examined. In conclusion, the authors argue that valuers need to be transparent about their assumptions, and address issues of risk and uncertainty with more clarity| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L134636 (Browse shelf(Opens below)) | 1 | Available | 134636-1001 |
A discussion of approaches to the issue of risk and uncertainty within valuation reports, and how these options might be used by valuers working within the German property market. The authors begin by discussing the background to the subject, and then go on to discuss how risk and uncertainty within valuations is dealt with in a UK context. A property rating system which, the authors believe, could be used by valuers to address and communicate the risk associated with valuations is then set out, and approaches to dealing with uncertainty, especially where there is insufficient market information, are examined. In conclusion, the authors argue that valuers need to be transparent about their assumptions, and address issues of risk and uncertainty with more clarity