... Publishing Limited Licensed re-use rights only Valuation Property 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...

...James E. Larsen Purpose This practice briefing develops a coherent framework for identifying and measuring commercial and industrial externalities, addressing the lack of standardised approaches in valuation practice. Design/methodology/approach The briefing synthesises evidence from...

... following compulsory acquisition of interests from indigenous groups is proposed, combining a contingent valuation approach to determine the willingness to pay (WTP) by the Australian community (based on a structured focus group approach) and the willingness to accept (WTA) by the dispossessed indigenous...

...Shehani Kaushalya Gamage; Upuli Perera Purpose This study aims to explore how the discounted cash flow (DCF) model can be adapted for real estate valuation in Sri Lanka by proposing country-specific practices for operationalising input variables. Design/methodology/approach A mixed-method...

...Cida Ghosn; Georgia Warren-Myers; Christhina Candido Purpose The proliferation of environmental rating tools over the past two decades has endeavoured to assist the industry in measuring sustainability. Recent changes to the International Valuation Standards (IVS) have directed valuers to consider...

...David Parker Purpose To explore value vs worth in the context of compulsory acquisition. Design/methodology/approach Analysis of statutory environment within the context of valuation theory. Findings Value and worth could be reconciled by redefining special value in Act. Research...

...Deborah Leshinsky; Stanley McGreal; Paloma Taltavull; Anthony McGough Purpose In Family Law Court decisions in Australia, following divorce, the female party is frequently disadvantaged financially in the long term. This paper provides a critical assessment of valuation evidence as a data source...

... of data challenge in such markets are scarce in literature. Specifically, the available literature lacks clarity about the actual nature of data challenges that developing markets pose to valuers and how this affects valuation practice. This study provides this understanding with focus on the Lagos...

...Georgia Warren-Myers; Lucy Cradduck Purpose This research investigated Australian property valuers' identification and consideration of physical climate change risks in valuation practice. Design/methodology/approach Thirty Australian valuer members of the Australian Property Institute from...

... which climate risks may impact property performance and the implications for the valuation community. Findings Recent empirical studies have identified more instances where pricing is reflecting both current and anticipated climate risks. Market valuations cannot properly incorporate climate risk...

...Georgia Warren-Myers Purpose The research investigates valuers' understanding of the value of sustainability in property and its' consideration in valuation practice in Australia. This paper explores valuers' perceptions of the relationships between sustainability and market values, sustainability...

...Georgia Warren-Myers Purpose The research investigates valuers' understanding of the value of sustainability in property and its consideration in valuation practice. The paper explores the extant research that has examined valuers' perceptions of the relationships between sustainability and market...

..., a property's event-based risk's value implications are dependent on general valuation considerations that apply to any property, plus those specific to properties at risk from extreme events, with properties located in coastal areas at a greater and more immediate risk from climate change events...

... at: g.newell@westernsydney.edu.au 11 08 2021 12 08 2021 12 08 2021 © Emerald Publishing Limited 2021 Emerald Publishing Limited Licensed re-use rights only Real estate research Valuation Real estate investment Methodology Practical insights Career opportunities...

...Georgia Warren-Myers; Lucy Cradduck Purpose The purpose of this research is to investigate Australian property valuers' identification and consideration of physical risks to properties in valuation practice. The research further explores valuers' considerations of climate change-related risks...

...Chris Thorne Purpose The recent coronavirus pandemic created uncertainty across most markets. This has resulted in many valuations being reported with caveats warning that they are uncertain. However, many valuers and their clients remain unclear as to what these warnings are supposed to convey...

...Agostino Valier Purpose In the literature there are numerous tests that compare the accuracy of automated valuation models (AVMs). These models first train themselves with price data and property characteristics, then they are tested by measuring their ability to predict prices. Most of them...

... the perception of potential users of centralised property database on the consideration for the design and management of such database. Design/methodology/approach Questionnaires were administered on 190 property practitioners (referred as estate surveying and valuation firms) in Lagos property market...

... characteristics in the two valuation sub-samples. Findings The research hypothesis, stating that the two methods result in statistically identical estimations of value, was rejected. The performance analysis showed that GIA valuations displayed smoother total return performance due to less volatile capital...

... in Nigerian property market. Design/methodology/approach Primary data were sourced through the use of questionnaire administered on property practitioners (referred as estate surveying and valuation (ESV) firms) in Lagos property market. In total, 190 ESV firms were selected using stratified random...