Abstract
By adopting accounting values and not economic value, auctioneers and valuers contribute to property market inefficiency. The reaction to this global financial and real asset meltdown is for tighter regulation. But the difficulties now being experienced in global asset markets are not new– it’s just that it is much bigger. The common denominator is accounting based valuations.
| Original language | English |
|---|---|
| Journal | Property Valuer |
| Volume | 28 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Jan 2009 |
| Externally published | Yes |
Keywords
- accounting values
- economic value
- property market inefficiency
- global financial meltdown
- real asset meltdown
- tighter regulation
- global asset markets
- accounting based valuations