...Shun Hiroi; Hiroshi Takahashi; Akira Ota Purpose This study investigates how real estate appraisers' sensory evaluations of office building façades influence property valuation. By identifying the latent factor structure underlying façade impressions and examining both their direct and indirect...

... or simulation-based methods when a valuation carries significant uncertainty about the amount or timing of future cash flows (IVSC, 2026). For property with a business element, such as hotels and student accommodation, that duty is reflected in property valuation through IVS 200. The exposure draft would...

... and insufficient research attention to these markets. The gap matters because transparency deficits in Pacific SIDS affect critical government functions. Post-disaster compensation frameworks, property taxation systems, mortgage lending, and infrastructure planning all depend on reliable property valuations, which...

... only. Property valuation Professional standards National supplements Mandatory and advisory guidance Professional bodies Valuation quality Valuation is at the heart of being a property professional and part of that discipline is the need to follow professional standards (PS...

... Publishing Limited Licensed re-use rights only Monte Carlo simulation Beta distribution PERT distribution Discounted cash flow Uncertainty Property valuation Probability distributions Funding: No funding was received for this research The triangular distribution...

...Hassan Shuaibu Liman; Abdul-Rasheed Amidu; Deborah Levy Purpose Research has investigated the effects of a range of behavioural issues in property valuation, with recent studies focusing on various approaches to enhancing the quality of valuation decisions. This study explores valuers' opinions...

... valuation Lending Gilts Appraisal Financial stability Prudence It is widely understood that property valuation is the professional process of estimating the economic value, or fair market value, of a real estate asset at a specific point in time. Recently, pressure has been put on valuers to go...

...Iddrisu Kasim; Abdul-Rasheed Amidu; Deborah Levy Purpose This study aims to investigate barriers to adopting valuation technology (VTech) in the property valuation profession and its implications for property investment and financial market stability. Despite advances in automation, data analytics...

... to editorial review only. © Emerald Publishing Limited 2025 Emerald Publishing Limited Licensed re-use rights only Australia Valuation Property valuation indigenous Compulsory acquisition Valuer Cultural loss In New South Wales, Australia, the compulsory acquisition of land from...

... the accuracy and reliability of property valuations in Nigeria. Practical implications The findings have significant implications for Nigeria and other emerging African markets considering the high volume of property investment capital received by the countries. With key investment fundamentals not being...

... data, is transforming property valuation, but professionals must also address the challenges of bias and transparency. Engagement with stakeholders – from regulators to local communities – is crucial for ensuring ethical practices, while adaptability through continuous learning, internships and real...

... and agency, who have passed Basic Professional Education in Property Valuation (which makes them entitled registered valuers from the Indonesian Ministry of Finance). The respondents were asked to be involved in the experiment as an appraiser valuing a real object by filling in a working paper based...

...Siddhant Walia; Sneh Singh; Sanjeev Pareek Purpose The purpose of this study is to examine the role of professional judgment in property valuation within India’s lending sector by exploring how different market and cultural factors influence valuation practices. Design/methodology/approach...

...Stephen E. Roulac Purpose The intent of this practice briefing is to provide clarity on the role of market cycles in influencing property valuations at specific points in time. Market cycles are important to the valuation function as real estate cycles have been a critical underlying reason...

...Ka Shing Cheung Purpose This real estate insight scrutinises the emerging role of Artificial Intelligence (AI), particularly Large Language Models (LLMs) like ChatGPT, in property valuation, advocating for establishing standardised reporting guidelines in AI-enabled property valuation. Design...

...Hassan Shuaibu Liman; Abdul-Rasheed Amidu; Deborah Levy Purpose The complexity of property valuation, coupled with valuers’ cognitive limitations, makes some degree of error inevitable in valuations. However, given the crucial role that valuations play in the efficient functioning of the economy...

...Chibuikem Michael Adilieme; Rotimi Boluwatife Abidoye; Chyi Lin Lee Purpose Given the significant role played by valuers and the evidence of a lack of independence in some property valuation industries, particularly in emerging markets, this study analyses the issue of client influence in property...

... only Property investment Property valuation Cash flows Cap rates Capitalisation rate Worth vs price It is over 10 years since we produced the third edition of Property Investment Appraisal, over 30 years since the first edition was published in 1988, and now (apparently!) 40...

... Limited Licensed re-use rights only Real estate sustainability Property valuation Green building Green premium Brown discount United Arab Emirates Middle East The real estate sector has a significant impact on the global environment. Many people spend most of their lives inside...

...Laura Gabrielli; Nick French Purpose Valuation is the process of determining Market Value. Property valuation, as with the valuation of all assets, is an estimation of price in the market. It is value in exchange. The valuer role is to determine the appropriate approach, the method and use...