What Value Of Property Can Be Determined By A Number Of Factors

Being an inter-reliant and intricate process that involves numerous stakeholders from many disciplines each phase of the property development process needs the influence of one or more key stakeholders. These actors include but are not limited to landowners, developers, public sector & government agencies, planners, contractors and financial institutions as a result property development could also be seen as the coordination of these processes, stakeholders and actors. Ultimately not every development is the same and therefore may need different combinations of actors and processes.

An investor will view worth as the discounted value of the rental stream produced by the asset, whereas the owner-occupier will see the asset as a factor of production and assign to it a worth derived from the property 's contribution to the profits of the business. No doubt both groups of bidders will also be mindful of its potential resale price to a purchaser from the other group. The concept of the worth of a property is most important in markets that are underdeveloped in terms of liquidity and the separation of ownership and use rights. Here most transactions are based on owner-occupiers ' views of the worth of the property, i.e. the contribution it will make to business profit, as well as subjective issues such as status and feelings of security. Valuers, with hardly any transaction evidence, can only attempt to replicate these calculations of worth in arriving at an estimate of exchange price. One of the paramount concerns of the valuation profession is the need to ensure that information presented to a client is clear and unambiguous. Not only should all parties understand the terminology used, it is also important

In order to meet the study objectives, in addition to the case study, a semi-structured interview was conducted using non-random sampling. As respondents of the interview had to have particular characteristics such as ability to value property and knowledge about the property market, estate agents were contacted. A total of 7 interviews were conducted with estate agents in the West Hampstead/Kilburn area. The interviews lasted approximately 10 minutes. The participants were as follows:

The PRS is one of the three main tenures in the UK housing market, next to Social Housing and Owner Occupation. The private sector declined in size over much of the 20th century from being the majority tenure prior to the First World War to the minority one about 8 decades later (David Rhodes 2006). The decline can be attributed to a number of factors over that period, an important one being rent controls, which served to reduce the returns from letting residential property thus making is an unattractive form of investment (David Rhodes 2006).

Armitage, L. & Irons, J. (2005). Managing Cultural Heritage: Heritage Listing and Property Value. Paper presented at the European Real Estate Society Conference Dublin. Retrieved from http://www.pc.gov.au/inquiries/completed/heritage/submissions/dr_lynne_armitage/sub182.pdf

The Authors studied why valuation estimates are likely to be biased estimates of market values due to clients' influence. The studies were done on the behaviors of clients in the UK, USA, and New Zealand. The authors pointed out that the information found has made a significant contribution to real estate literature, but the purpose of this research was to examine the prevalence of client influence and the impact on valuation in Nigeria. The survey found that nearly 80 percent of estate surveyors and valuers claimed some knowledge of client influence—mostly from private individuals. It did not state whether the clients were successful in influencing the surveyors and valuers to alter the valuation of their properties.

The metro article "Real estate window shopping: When it's too expensive to live in Vancouver, or Toronto" is regarding the extremely hot real estate markets in Toronto and Vancouver. In this article the author is questioning the market price of houses in these two cities. The article starts off by the author comparing her brother's million dollar home to what she imagined a million dollar home would look like when she was little. It goes on to compare house prices in other countries and cities to Toronto, for example, an average home in Toronto cost $710000 while you can purchase a 2 bedroom cottage on a 3.47 acre waterfront land for only $135000. Alternatively, you can purchase a 14.5 acre castle eight bedrooms, seven bathrooms,

Starting back in 1997 when the residential prices began to appreciate into 2003, the rising home prices can be examined through economic fundamentals. These fundamentals explain the price of buying a home in relation to rentals and interest rates – meaning that the housing market was not overvalued. Post 2003-2004, the

The old illusionist’s trick of misdirection has been around for centuries and even more so today it is very easy to be distracted and not focused on what we should be focused on. House prices are being driven by supply and demand which is the case with any product. However one possible influencing factor encouraging the price hike is the very thing that is only meant to reflect the value for administrative purposes not push it up. I am talking about the council capital valuations. By setting a valuation for a property that often becomes an anchor point for everyone’s perception of that property’s market value whether that CV is correct or not. The Council website does not help and is very confusing on this unless read carefully.

Reusing and recycling materials reduce the use of natural resources, which further protects habitat destruction, reduces waste generation and pollution. Existing public infrastructure can influence the site selection for buildings and hence the current LEED site assessment process involves reporting of the neighboring buildings and facilities. LEED also accounts for the energy used in commuting to and from the building site and hence has provisions to report proximity to any kind of transportation infrastructure in site assessment.

Additionally, even though these schemes do relate to property they do not necessarily relate to “property value” and therefore it would not be a point of discussion during viewing. Furthermore the results obtained from question 2 indicated a low awareness of estate agents of the available schemes and therefore it is not surprising that buyers have even less awareness. The results from question 3 are however in line with those of question 2, indicating very low awareness of these schemes for both buyers and estate agents.

Land and any benefit arranged on the area (e.g. building) are obliged to be represented as independent resources. Accordingly, any builds or declines credited to the area and structures are likewise independently perceived. On the off chance that, because of the particular nature of the asset and the asset being sold, there is no business sector based on proof of reasonable worth, a company may assess the reasonable quality utilizing a salary or deteriorated substitution cost strategy. A deteriorated substitution cost strategy takes a gander at the extent to which it would cost to recreate a benefit in the wake of considering devaluation on the advantage (e.g. the age life span of the benefit with respect to its assessed. Valuable life and remaining quality) furthermore the usage of the advantage (e.g. physical, utilitarian or specialized outdate nature). At the point when a company utilizes this strategy to achieve a benefit there is a more serious hazard that the valuation will bring about a disability misfortune (i.e. the quality (devalued substitution expense) of the advantage will surpass its recoverable sum). Where an element has

We all experience issues regarding an encumbrance on our property once in our lifetime. It might be when we want to purchase a house, rent it to live in for uncertain time period, sell our property, or rent out to some other party. In all such cases, many issues arise for which many factors can be held responsible, including market value; behavior of buyers, sellers, renters, tenants, landlords; policies of housing associations, environmental hazards, locality, and government legislations (Peppercorn & Taffin, 2013). Renting and buying is one of the biggest issues in real estate that not only the associations have failed to overcome but the government also seems helpless in this regard. Rhetorically, it involves finances, location, legality, etc. However, these social and legal factors then cause serious problems for the two parties involved in such agreements and contracts.

Figures produced in the breakeven analysis suggest that an investment of equity into the proposed development would be relatively safe. Much like the development risk analysis, significant rises in the developers required profit of 9% and a 23.6% rise in the land price are unlikely and therefore can be discounted as likely outcomes. Key vulnerabilities would be rises in construction costs and falls in gross realisations. Scenario analysis further analyses possible results of the development. Outcomes of this analysis are summarised in the table below:

A difficult characteristic to understand about the housing market is how a price is given for a particular house. That price will be designated to that particular house alone. All houses have various pricing, so I can’t always assume that one will cost more or less than any other. The pricing for houses vary based on their characteristics. Each characteristic must be analyzed to determine its contribution or detraction toward the price. I have taken some of these characteristics and modeled the relationship between them and the price of real estate for a specific area.