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Valuations of Partially Completed Investment Properties

Tuesday, February 23rd, 2010 | Taxation | priyank

Valuations of Partially Completed Investment Properties:

The International Valuations Standards Council have released a report detailing methods of valuing investment property – Important to note: The market value of a partially completed investment property will reflect the expectations of market participants of the value of the property when complete, less deductions for the costs required to complete the project and appropriate adjustments for profit and risk. The valuation and all key assumptions used in the valuation should reflect market conditions at the valuation date. It is inappropriate to estimate the market value of a partially completed investment property solely by reference to the project plan or feasibility study produced at the commencement of the project.

The full article can be found at http://www.ivsc.org/pubs/gn17-2010.pdf