scholarly journals Features of determining the market value of retail real estate and individual trade related properties during pre-trial evaluation and forensic examination

2021 ◽  
pp. 20-24
Author(s):  
Irina Komar
Keyword(s):  
Great Britain ◽  
Real Estate ◽  
Present Article ◽  
Market Value ◽  
National Standards ◽  
Expert Evidence ◽  
Royal Institution ◽  
Income Approach ◽  
Pricing Factors ◽  
Retail Property

The present article deals with the specifics of valuation of retail property and individual trade related properties on the basis of the international experience and as recommended by International Valuation Standards and RICS (The Royal Institution of Chartered Surveyors (Great Britain)) valuation standards (Red Book). The present article is justified as currently Russia lacks a standard, uniform for the valuers or legal experts, to be used for the purposes of valuation of similar subjects. At the same time, methodical literature is insufficient while there are numerous property disputes that call for pre-court valuations and expert evidence of valuation of such subjects, including numerous litigations arising out of bankruptcy or establishing cadaster value to the amount of market value. The author reviews the existing approaches to valuation of real estate in accordance with both the international and national standards and awards professional recommendations pertaining to the use of the income approach to value retail real properties and individual trade related properties. The definitions and metrics of the above real properties’ groups are described separately. Also, the author provides guidelines for inquiry of the documents and information necessary for the acquisition of the data to be used in the course of valuation and expert evidence. All pricing factors are described in detail in the present article against the examples of retail real properties and individual trade related properties (say, hotel) and explanation of their effect on the market value in case the income approach is applied is provided.

scholarly journals Evaluation of the land property value for public roads investment with respect to recompense calculation

2008 ◽  
Vol 3 (2) ◽  
pp. 005-014
Author(s):  
Jacek Zyga
Keyword(s):  
Present Article ◽  
Market Value ◽  
Preparation Process ◽  
Property Value ◽  
Income Approach

The present article is posing the attempt at creating the market value of the land property in the new road investment preparation process. The analysis of mechanisms creating the land property value in so called “income approach” is discussed as well as legal premises of this method.

Investing in real estate of Great Britain during Brexit

2019 ◽  
Vol 19 (4-2019) ◽  
pp. 26-33
Author(s):  
Anatoliy Bogdanenko
Keyword(s):  
Great Britain ◽  
Real Estate

scholarly journals The COVID-19 Pandemic and Commercial Property Rent Dynamics

2021 ◽  
Vol 14 (8) ◽  
pp. 360
Author(s):  
Roddy Allan ◽  
Ervi Liusman ◽  
Teddy Lu ◽  
Desmond Tsang
Keyword(s):  
Public Health ◽  
Real Estate ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Health Crisis ◽  
Commercial Property ◽  
Public Health Crisis ◽  
Industrial Sectors ◽  
Retail Property

This paper utilizes timely proprietary data to examine the contemporary impact of the COVID-19 pandemic on commercial property rent dynamics in the Asia–Pacific region. Given that the Asia–Pacific region was the first to be impacted by the public health crisis, it is important to examine how the COVID-19 pandemic has affected the real estate markets in this region and to assess how the region has been recovering since then. Our regression analysis, controlling for different macroeconomic fundamentals and city and property type fixed effects, documents substantial declines in rents of approximately 15% during the first six months of 2020 across the Asia–Pacific commercial property market. We further observe that the most significant declines in rent occur in regions where exposure to the COVID-19 pandemic is the more severe, and in the retail property sector, where we have been observing continued declines of over 30%, with little recovery as of the second quarter of 2020. In additional analysis, we examine capital values and show that while capital targeting the retail property sector has been muted, there is some evidence showing capital flows into the residential and industrial sectors. We also show that fiscal stimuli imposed by governments have moderated the adverse impact of the pandemic. Overall, our study shows that while the effect of the COVID-19 public health crisis is detrimental to commercial real estate, its impact varies significantly across different regions and property sectors.

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