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Exercises

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1 What value concepts are used in your local market? Is there any differences between the local definitions and the one in IVSC? How do local valuers look at conditions related to knowledgeable actors?

2 Company A just won a ‘closed’ bidding contest and acquired an investment property for 135 Cash Units (CU). However, after the acquisition, it was found out that other bids on the property was 100 CU, 98 CU, 101 CU, 99 CU, 96 CU and lower. Two weeks after the acquisition, Company A has to present an estimation of market value (could be, for example, for lending or financial reporting purposes). Can Company A claim 135 as a market value? If not, why?

Advanced Issues in Property Valuation

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