THE VALUATION OF AN INDUSTRIAL BUILDING IN AN ENTERPRISE ZONE Available to Purchase

Special problems arise in the valuation of property which is transacted in a market distorted by government policy in the particular form of the enterprise zone. This paper seeks to outline the nature of enterprise zones, the effect they have had on local property markets and the impact upon values and valuations created by rates exemptions and capital allowances. A case study illustrates how these factors may be taken into account in the valuation of industrial property in an enterprise zone.