Valuers

While valuers claim that valuation is an art, not an exact science, when two valuers working independently arrive at almost the same value/ratio, one wonders whether to believe the phrase, “valuation is an art”.

Although the portfolio generated higher net operating income, the marginal decrease in valuation was due to the adoption by the valuers of higher initial yields or exit yields depending on methodology and higher discount rates.

The Chairman, National MCPD Committee, Dr. Emmanuel Mark, observed that estate surveyors and valuers can survive the economic downturn and become more resilient by buying into the business strategies for real estate development.

According to Kaita, the Federal government has decided to appoint property valuers to evaluate the affected areas and submit to the state government for payment.

A revaluation of the rentals was carried out by professional valuers to peg the rentals to the prevailing market rate.

David Giles and Henry Hyde from Halls, a leading regional firm of estate agents, chartered surveyors, auctioneers and valuers, conducted the successful auction for Angus Roberts, whose family moved to Lower Wallop Farm in 1952.

The Companies Act, 2013 provides a comprehensive framework for development and regulation of the profession of valuers.

The government will look at setting up a national institute for valuers on the lines of chartered accountants’ apex body ICAI, a senior official said Saturday.

He suggested that estate valuers, architects and others should be part of the tribunal to be set up for the bill, when it becomes a law.

However, some other fiduciaries like practising chartered accountants and company secretaries, cost accountants, valuers and monitoring agencies are not registered with it.

So you may ask how can valuers arrive at an objective comparative value when they do not have access to the real data to compare?