INTERNATIONAL VALUATION STANDARDS COUNCIL & NATIONAL ASSOCIATION OF AUTHORIZED ROMANIAN VALUERS, INTERNATIONAL VALUATION CONFERENCE, BUCHAREST, ROMANIA, SEPTEMBER 2018
The Author believes there is a significant shortfall in the way property is valued appraised. In effect, failing to evaluate the reasonable rent for one lease, causes the rent for a bundle of leases to be over-rented and without testing the “relevant multiplier”, causes the product the market value to be inflated. Progressively lower multipliers, applied to progressively untested rent causes a “double multiplier”. Following the Author’s probing paper in 1995, the adoption of market rent into IVSC Standards in 2000, it is indeed surprising that little work seems to have been done in this area of research
