THE INFLUENCE OF VALUERS AND VALUATIONS ON THE WORKINGS OF THE COMMERCIAL PROPERTY INVESTMENT MARKET Research funded by the Education Trusts of the Investment Property Forum, Jones Lang LaSalle and the Royal Institution of Chartered Surveyors
نویسندگان
چکیده
The major aim of the research is to examine the influence that valuers and valuations have on the workings of the commercial property investment market in the UK. The research described involved interviews with 30 fund managers and owners and their property advisors. It finds evidence that valuations do not stand above the market, but are instead an integral part of it. Opportunities for client influence exist and appear to be used. The research has important implications for the type of property research which assumes that valuations and prices are independent of one another, an example being debates over valuation accuracy. The research also reveals differences in the way that valuers amend frequently reviewed periodic valuations and a worrying increase in the concentration of valuers providing valuations for monthly indices. The influence of valuers and valuations on the commercial property investment market The University of Reading Nottingham Trent University 1 Table of
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