RICS Knowledgebase

Valuation where no core or significant market 

2 days ago

The Red Book Global Standards  https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/valuation-standards/red-book/red-book-global cover a large range of asset classes and whilst they do not specifically mention shipyards (as just one random example) they would be in scope of this standard.

 

Where no visible market exists and so no transparent comparable transaction data exists + given a big component of the value may likely be plant and equipment (in addition to the real estate and land approach), the  depreciated replacement cost approach methodology may be appropriate. The Global Red Book refers to this approach but RICS also has a separate Guidance Note: https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/valuation-standards/depreciated-replacement-cost-method-of-valuation-for-financial-reporting

Isurv may have some information on certain markets e.g. car parks https://www.isurv.com/info/1204/car_parks

#Valuation

Statistics
0 Favorited
1 Views
0 Files
0 Shares
0 Downloads

Related Entries and Links

No Related Resource entered.