Contaminated land and other forms of environmental impairment: an approach to valuation

The valuation of properties affected by environmental impairment presents valuers with many problems, not least of which is the identification of those properties which may be so affected. Offers a list of land use activities, together with the types of contamination which may be found. Proposes a method of valuing impaired properties, taking account of present and future costs of treatment. Discusses the question of stigma and describes a method of assessing the valuation impact. Concludes with a proposal to establish an Environmental Impairment Databank, so as to assist valuers in the preparation of valuations and the advice which they provide to clients.