Lessons for NAMA from Valuation Practices

Thomas Power

doi:10.21427/vtgc-n285

Lessons for NAMA from Valuation Practices

Thomas Power

Research output: Contribution to journal › Article › peer-review

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	https://doi.org/10.21427/vtgc-n285 https://doi.org/10.21427/ptmr-4h11
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

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10.21427/vtgc-n285Licence: CC BY-NC-SA
10.21427/ptmr-4h11Licence: CC BY-NC-SA

Cite this

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AB - 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.

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KW - global financial meltdown

KW - real asset meltdown

KW - tighter regulation

KW - global asset markets

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Lessons for NAMA from Valuation Practices

Abstract

Keywords

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