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Martin Burns, MRICS

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RE: Property valuation: approaches, methods and models

Posted By Martin Burns 15-04-2026 23:56
Found In Egroup: Valuation \ view thread
Hi Chris, Trust you are keeping well. Your suggestion would be a solution; however, accounting standards should not be the source for the valuation profession's definitions and/or the guide to our practice. The term Market Approach is synonymous with Market Value, and it should not be. It is misleading ...

Cost Approach - And rising costs

Posted By Martin Burns 15-04-2026 01:35
Found In Egroup: Valuation \ view thread
In Oz the majority of reporting entities sign off as at 30 June 20XX. I'd be interested to get some feedback from those who perform fair values on how they would address the recent and future expected (short or medium term) increases in costs (due to DJT) as it relates to the Cost Approach. A spike ...

RE: Property valuation: approaches, methods and models

Posted By Martin Burns 15-04-2026 01:21
Found In Egroup: Valuation \ view thread
I consider IVS has done the valuation profession a disservice by naming a valuation approach a Market Approach. In reality, all approaches can be used to determine a market value. We know that, but many of our clients do not. More than once, we have had a client tell us (accountants mainly) that no ...

RE: Valuation - Valuation Review - Valuation Process Review - Value Review

Posted By Martin Burns 07-01-2026 06:33
Found In Egroup: Valuation \ view thread
I hope you are safe and the conflict will end soon. ------------------------------ Martin Burns MRICS National Director - Valuation Liquid Pacific ------------------------------

Market Value = Fair Value

Posted By Martin Burns 06-01-2026 01:51
Found In Egroup: Valuation \ view thread
Hi, I may have covered some of this topic in previous posts; however, I would be keen to get the forum's opinion on whether they believe there are exceptions to the following statement? RICS Global Standards states: "the concept of fair value is consistent with that of market value, and so there ...

RE: Valuation - Valuation Review - Valuation Process Review - Value Review

Posted By Martin Burns 05-01-2026 22:17
Found In Egroup: Valuation \ view thread
Thanks Sergey - May I ask, are you still based in Ukraine? ------------------------------ Martin Burns MRICS National Director - Valuation Liquid Pacific ------------------------------

RE: Valuation - Valuation Review - Valuation Process Review - Value Review

Posted By Martin Burns 05-01-2026 07:59
Found In Egroup: Valuation \ view thread
------------------------------ Martin Burns MRICS National Director - Valuation Liquid Pacific ------------------------------

RE: Valuation - Valuation Review - Valuation Process Review - Value Review

Posted By Martin Burns 04-01-2026 22:06
Found In Egroup: Valuation \ view thread
Hi Sergey, Where does this quote originate? Hi Sergey, Where does that quote originate? "" Best practice for most users-particularly lenders, auditors, and courts-is a clearly scoped Valuation Review covering both process and value, rather than relying on partial reviews presented without ...

RE: Valuation - Valuation Review - Valuation Process Review - Value Review

Posted By Martin Burns 02-01-2026 00:07
Found In Egroup: Valuation \ view thread
Hi Sergey, The reason I visited the IVS definitions was that we have a situation in our local jurisdiction where valuation and value are, in some instances, being categorised as meaning the same thing. For example, the questions being asked of us are; what is the valuation of the property? What is ...

RE: Valuation - Valuation Review - Valuation Process Review - Value Review

Posted By Martin Burns 30-12-2025 10:52
Found In Egroup: Valuation \ view thread
Hi Khaled, Thanks for the considered input. However, if I am explaining to a client what is a valuation, I would rather not have to give them the IVS to read. Definitions serve a purpose, otherwise there is no point in a Glossary. If we cannot define what we do, then maybe we need to go back to ...

RE: Valuation - Valuation Review - Valuation Process Review - Value Review

Posted By Martin Burns 30-12-2025 00:05
Found In Egroup: Valuation \ view thread
Hi Chris, Thanks for the response. The issues I raised (which are my own) were presented to the IVSC in the last exposure draft. Your comment about the broad nature of the IVSC and its goal to be relevant to all aspects of the industry, is to me, an impediment to the further development of valuation ...

Valuation - Valuation Review - Valuation Process Review - Value Review

Posted By Martin Burns 27-12-2025 02:40
Found In Egroup: Valuation \ view thread
Hi All, When the new 2025 IVSC standards came out, I had a bit of a meltdown on the semantics of the Glossary terms: 10.30 Valuation - The act or process of forming a conclusion on a value as of a valuation date that is prepared in compliance with IVS. 10.35 Valuation Process Review - An analysis ...

RE: Fair Value - Unique Fixed Assets

Posted By Martin Burns 08-10-2025 08:09
Found In Egroup: Valuation \ view thread
Hi Khaled, A well thought out response. Unfortunately it all falls into a big hole because cost does not always (if ever) equate to value (market or fair). ------------------------------ Martin Burns MRICS National Director - Valuation Liquid Pacific ------------------------------

RE: Fair Value - Unique Fixed Assets

Posted By Martin Burns 07-10-2025 19:20
Found In Egroup: Valuation \ view thread
Hi Jonathan, Again, thanks for following up. You are of course correct, there are a number of arguments that could be forward for variations in application. What continues to stun me is that the cost approach is one of the three fundamental approaches to valuation (a theoretical pillar of the profession, ...

RE: Fair Value - Unique Fixed Assets

Posted By Martin Burns 03-10-2025 19:02
Found In Egroup: Valuation \ view thread
Hi Jonathan, Thanks for responding, and yes, I agree; the land value plays a very important factor. The assumption that a regional location will have a lower land value seems a rational assumption to make, and in my experiences in Australia, it tends to hold true (ignoring the argument that land under ...

RE: RICS conferences/meetings - Uk October 2025

Posted By Martin Burns 24-09-2025 09:58
Found In Egroup: Valuation \ view thread
Thanks Jonathan, it had crossed my mind to stop in India for this on the way home but timing fell apart. Are you going? ------------------------------ Martin Burns MRICS National Director - Valuation Liquid Pacific ------------------------------

RE: RICS conferences/meetings - Uk October 2025

Posted By Martin Burns 24-09-2025 09:37
Found In Egroup: Valuation \ view thread
Thanks Arthur , that might actually work out for me. Hopefully, we get the opportunity to meet. ------------------------------ Martin Burns MRICS National Director - Valuation Liquid Pacific ------------------------------

RICS conferences/meetings - Uk October 2025

Posted By Martin Burns 23-09-2025 15:32
Found In Egroup: Valuation \ view thread
Hi, is there any conferences/meetings of RICS or IVSC late October - early November 2025 in the Uk that people know off ------------------------------ Martin Burns MRICS National Director - Valuation Liquid Pacific ------------------------------

Fair Value - Unique Fixed Assets

Posted By Martin Burns 19-09-2025 03:39
Found In Egroup: Valuation \ view thread
For those that undertake valuations at fair value for Government entities and others with unique assets, not typically traded (if ever) in the marketplace; allocating a value can be challenging. We have adopted a number of 'adjustments' to inputs to reflect the various attributes associated with fixed ...

RE: Public Infrastructure

Posted By Martin Burns 25-08-2025 23:23
Found In Egroup: Valuation \ view thread
Hi Solomon, Any advice/discussion is based on our own experience in Australia. For us we would find out if the Enterprise maintains the infrastructure because the land lease requires them to. If so, then I suggest the Enterprise does not have care and control over the infrastructure assets and they ...