One Step Further- Implementing the Recommendations of Guide Note 12

摘要

By analyzing such measures as entrepreneurial incentive, frictional vacancy, feasibility rent, equilibrium rent, affordability analysis, fundamental market analysis, and capital market analysis, an appraiser can reasonably estimate where a subject's specific market is currently in the cycle. With an understanding of market cycles, appraisers can meet the goal of Guide Note 12 by going one step beyond a traditional value opinion tied to one particular valuation date and also provide an opinion regarding the sustainability of that value. In this way, the appraisal report becomes a more valuable and helpful tool for clients who need to know the likely market trend in order to make good decisions.