000			01469cam a2200265 4500
001			ABS64076
008			000000n2001 000 0 eng u
035			_a(Sirsi) u112936
100			_aCrossley-Smith, T.
245			_aHow to bank on a safe exit
260			_c2001
490			_aEstates Gazette _v(0121) 26 May 2001, 156-157(2)
520			_aExamines the difficulties involved in conducting residual valuations and argues that a standard approach is required; residual value lacks a definition in the Red Book and agreement among valuers on methodology. Looks at the three different approaches used to calculate residual value and the issues raised, such as the concept of depreciation. Proposes a basic definition of residual value as the market value or open market value of the property in x number of years time (the length of the proposed loan), and advises valuers to give a range of values rather than a single figure. Also considers the problems involved in forecasting rents and yields, the potential inaccuracy of economic forecasts, the effects of inflation, and the importance of warning clients of the risks of prediction.
590			_aABS
650			_aRESIDUAL VALUATION
650			_aINFLATION
650			_aFORECASTS
650			_aRENTAL VALUES
650			_aPROPERTY MARKET
650			_aRESIDUAL VALUE
650			_aDEPRECIATION
690			_aPROPERTY-PROPERTY APPRAISAL AND VALUATION
700			_aMartin, D
942			_n0
999			_c67226 _d67226