Examines the underlying basis of the valuation process at a timewhen the world property markets are experiencing the effects of theglobal recession. Refers to professional criticism in the USA, the UKand Australasia. Advocates a return to first principles in allappraisals and valuations, the value being determined between the supplyand demand criteria in any particular market.
Journal of Property Valuation and Investment – Emerald Publishing
Published: Apr 1, 1991