000			01239cab a22002175a 4500
001			L145241
008			080918s2008 xxkad f s 000 0 eng d
035			_a(Sirsi) u145241
041	0		_aeng
100	1		_aMansfield, John R.
245	0	1	_a'Economic'and 'functional'obsolescence _btheir characteristics and impacts on valuation practice
260			_c2008
490		0	_aProperty Management _v26(3) 2008, 191-206(16)
520			_aConsiders the term 'depreciation' in the context of property values, critically reviews the term 'obsolescence' and then highlights the practical problems involved in pricing obsolescence using inflexible methodologies when criteria is still developing. Critically reviews the existing literature and advice from international professional bodies, including RICS (See L136416). Concludes that despite the need to be explicit in valuations, current methods do not help valuers provide the necessary detail. Recommends that existing guidance and advice from professional bodies, including RICS, needs to be revised.
590			_aKA
650	2	4	_aRICS VALUATION STANDARDS
651		4	_aInternational
690			_aPROPERTY-PROPERTY APPRAISAL AND VALUATION
700	1		_aPinder, James A.
942			_n0
999			_c80746 _d80746