Odds on negligence
Article Abstract:
There can often be significant differences between independent valuations in the UK property industry. There may be a substantial variation in the probability of achieving a valuation within a specified range. However, using a basic statistical model makes it possible to quantify the likelihood of any valuation being within a specified margin of error. The acceptability of the margin of error will depend on market conditions, the ability to quantify valuation inputs reliably and the quality of the information.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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Dealing with contaminated assets
Article Abstract:
Valuing contaminated property where industrial use is to continue can present certain complications. However, there are a number of ways of dealing with the costs referred to in the Red Book guidance notes. The costs of process redesign and penalties/civil liabilities should be treated as immediate costs, and all non-deferable costs should be regarded as current liabilities and specifically reported upon. The main difficulty is producing reasonable estimates of works to be undertaken.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
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