Valuation bases, assumptions and special assumptions – VPS 2

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VPS 2 paragraph 1.1 states that ‘the valuer must ensure that the basis of value adopted is appropriate for, and consistent with, the purpose of the valuation’. The only bases specifically settled by IVS and recognised in Red Book Global Standards are: market value (VPS 2 section 4) market rent (VPS 2 section...

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