Covering most types of real estate asset, this information paper discusses the use of comparable evidence in property valuation.
Its aims are to:
- Outline the principles of comparable evidence use
- Encourage consistency in its application worldwide
- Address issues of availability and the use of comparable evidence under challenging market conditions
- Consider the potential sources of comparable evidence
The document also discusses the use of comparable evidence in different circumstances and markets, whether volatile or inactive, as well as in developing markets, where comparable evidence is often more difficult to obtain and less familiar to valuers.
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