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Critically discuss both the methods by which rental values are assessed and the five main methods of CapitalValuation. Illustrate your answer with examples and consider the suitability ofeach method for the types of property for which it is generally...
The first 200 words of this essay...
Critically discuss both the methods by which rental values are assessed and the five main methods of Capital Valuation. Illustrate your answer with examples and consider the suitability of each method for the types of property for which it is generally used.
An estimation of a property's worth is known as a 'Property Valuation.' The aim of the valuator is to provide an estimate of the market value. The valuator's estimate may be different from the market value and valuations may vary from opinion to opinion. As the diversity of property for many different objectives, and the vicissitude of the nature of the interests culminate to a multiplicity of circumstances. The individual valuator makes an assessment by taking into account a number of assumptions. Consequently, a number of different ways of assessing the best way to value a situation have been developed. The valuator has to decide on the most suitable method by which to assess and value the property.
Rent may be defined as 'an annual or periodic payment for the use of land or of land and buildings.'(Johnson, Davies & Shapiro, 2000). Rental values are made by comparison; therefore if one shop has been rented
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