Valuations and their importance for real estate investments

Authored by: Neil Crosby , Norman Hutchison , Kenneth Lusht , Shi Ming Yu

Routledge Companion to Real Estate Investment

Print publication date:  November  2018
Online publication date:  November  2018

Print ISBN: 9781138020788
eBook ISBN: 9781315775579
Adobe ISBN:


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This chapter considers the need for valuations and outlines the growth of the valuation profession over the past 150 years across the world. Background market information is provided on selected markets and valuation standards are discussed and definitions provided. Valuation methodologies are then explained, together with reporting requirements, and the chapter concludes with an overview of market practice. Throughout, the terms ‘valuation’ and ‘appraisal’ are used interchangeably. For consistency, valuation will be used unless the term appraisal forms part of the official name of an organisation, standards or qualifications, which is particularly the case in the US and China.

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