Market value - Revision history

Designing Buildings at 07:41, 27 January 2025

2025-01-27T07:41:17Z

← Older revision		Revision as of 07:41, 27 January 2025
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	* Budget.		* Budget.
	* Cost plans.		* Cost plans.
		+	* Fair market value.
	* Market.		* Market.
	* Market price.		* Market price.

Designing Buildings at 09:05, 10 March 2023

2023-03-10T09:05:58Z

← Older revision		Revision as of 09:05, 10 March 2023
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	[https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/valuation-standards/red-book/red-book-global RICS Valuation – Global Standards, Effective from 31 January 2022], Published by the Royal Institution of Chartered Surveyors (RICS) in November 2021, defines market value (MV) as: ‘The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion .’		[https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/valuation-standards/red-book/red-book-global RICS Valuation – Global Standards, Effective from 31 January 2022], Published by the Royal Institution of Chartered Surveyors (RICS) in November 2021, defines market value (MV) as: ‘The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion .’
		+
		+	[https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/valuation-standards/red-book/international-valuation-standards The International Valuation Standards] (IVS), published by the International Valuation Standards Council is 2021, states:
		+
		+	* The Organisation for Economic Co-operation and Development (OECD) defines fair market value as the price a willing buyer would pay a willing seller in a transaction on the open market.
		+	* In United States tax purposes, Regulation §20.2031-1 states: “The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts”

	See also: Market price.		See also: Market price.

Designing Buildings at 08:41, 9 March 2023

2023-03-09T08:41:50Z

← Older revision		Revision as of 08:41, 9 March 2023
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	[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/685903/The_Green_Book.pdf The Green Book, Central Government Guidance On Appraisal And Evaluation], Published by HM Treasury in 2018, suggests that: ‘Market value or price is the price at which a commodity can be bought or sold, determined through the interaction of buyers and sellers in a market.’		[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/685903/The_Green_Book.pdf The Green Book, Central Government Guidance On Appraisal And Evaluation], Published by HM Treasury in 2018, suggests that: ‘Market value or price is the price at which a commodity can be bought or sold, determined through the interaction of buyers and sellers in a market.’
		+
		+	[https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/valuation-standards/red-book/red-book-global RICS Valuation – Global Standards, Effective from 31 January 2022], Published by the Royal Institution of Chartered Surveyors (RICS) in November 2021, defines market value (MV) as: ‘The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion .’

	See also: Market price.		See also: Market price.
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	* Budget.		* Budget.
	* Cost plans.		* Cost plans.
−	* ~~Key performance indicators~~.	+	* Market.
	* Market price.		* Market price.
−	* ~~Public sector comparator~~.	+	* Market rent.
	* Reinstatement value.		* Reinstatement value.
−	* Stakeholders.	+	* Value.
−	* Value ~~added.~~	+
−	* Value engineering.	+
−	* Value management.	+
−	* Value management techniques.	+
−	* Value planning.	+
−	* Whole life costs.	+
−	* Whole life value.	+

	[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Theory]]		[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Theory]]

Designing Buildings at 08:05, 8 April 2022

2022-04-08T08:05:33Z

← Older revision		Revision as of 08:05, 8 April 2022
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	See also: Market price.		See also: Market price.

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* Budget.		* Budget.

Designing Buildings at 06:06, 8 September 2021

2021-09-08T06:06:02Z

← Older revision		Revision as of 06:06, 8 September 2021
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	* Market price.		* Market price.
	* Public sector comparator.		* Public sector comparator.
		+	* Reinstatement value.
	* Stakeholders.		* Stakeholders.
	* Value added.		* Value added.

Designing Buildings at 10:12, 8 April 2021

2021-04-08T10:12:44Z

← Older revision		Revision as of 10:12, 8 April 2021
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−	[[File:Graph-~~163509 640~~.jpg]]	+	[[File:Graph-163509_640.jpg\|link=File:Graph-163509_640.jpg]]

	Market value is defined as the underlying economic value of items such as goods and services. This is as opposed to other measures of value, such as moral values, socio-economic values, environmental values, values associated with beliefs and so on.		Market value is defined as the underlying economic value of items such as goods and services. This is as opposed to other measures of value, such as moral values, socio-economic values, environmental values, values associated with beliefs and so on.
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	[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/685903/The_Green_Book.pdf The Green Book, Central Government Guidance On Appraisal And Evaluation], Published by HM Treasury in 2018, suggests that: ‘Market value or price is the price at which a commodity can be bought or sold, determined through the interaction of buyers and sellers in a market.’		[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/685903/The_Green_Book.pdf The Green Book, Central Government Guidance On Appraisal And Evaluation], Published by HM Treasury in 2018, suggests that: ‘Market value or price is the price at which a commodity can be bought or sold, determined through the interaction of buyers and sellers in a market.’
		+
		+	See also: Market price.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =
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	* Cost plans.		* Cost plans.
	* Key performance indicators.		* Key performance indicators.
		+	* Market price.
	* Public sector comparator.		* Public sector comparator.
	* Stakeholders.		* Stakeholders.

Designing Buildings at 10:18, 10 September 2020

2020-09-10T10:18:09Z

← Older revision		Revision as of 10:18, 10 September 2020
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		+	[[File:Graph-163509 640.jpg]]
		+
	Market value is defined as the underlying economic value of items such as goods and services. This is as opposed to other measures of value, such as moral values, socio-economic values, environmental values, values associated with beliefs and so on.		Market value is defined as the underlying economic value of items such as goods and services. This is as opposed to other measures of value, such as moral values, socio-economic values, environmental values, values associated with beliefs and so on.

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	A market-adjusted valuation (MAV ) is: ‘The preceding valuation adjusted for capital growth and capital expenditure.’		A market-adjusted valuation (MAV ) is: ‘The preceding valuation adjusted for capital growth and capital expenditure.’
		+
		+	[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/685903/The_Green_Book.pdf The Green Book, Central Government Guidance On Appraisal And Evaluation], Published by HM Treasury in 2018, suggests that: ‘Market value or price is the price at which a commodity can be bought or sold, determined through the interaction of buyers and sellers in a market.’

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =
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	* Whole life value.		* Whole life value.

−	[[Category:Theory]]	+	[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Theory]]

Designing Buildings at 10:32, 30 March 2020

2020-03-30T10:32:05Z

← Older revision		Revision as of 10:32, 30 March 2020
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	RICS Insights, [https://www.rics.org/uk/news-insight/research/insights/valuation-and-sale-price/ Valuation and sale price], March 2019 Edition defines market value as: ‘The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction after proper marketing where the parties had each acted knowledgeably, prudently and without compulsion.’		RICS Insights, [https://www.rics.org/uk/news-insight/research/insights/valuation-and-sale-price/ Valuation and sale price], March 2019 Edition defines market value as: ‘The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction after proper marketing where the parties had each acted knowledgeably, prudently and without compulsion.’
		+
		+	A market-adjusted valuation (MAV ) is: ‘The preceding valuation adjusted for capital growth and capital expenditure.’

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Designing Buildings at 10:30, 30 March 2020

2020-03-30T10:30:53Z

← Older revision		Revision as of 10:30, 30 March 2020
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	However, defining value can be problematic, especially when market values and personal values are in conflict. An old broken watch may have a very low market value yet may have huge personal value to the owner.		However, defining value can be problematic, especially when market values and personal values are in conflict. An old broken watch may have a very low market value yet may have huge personal value to the owner.
		+
		+	RICS Insights, [https://www.rics.org/uk/news-insight/research/insights/valuation-and-sale-price/ Valuation and sale price], March 2019 Edition defines market value as: ‘The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction after proper marketing where the parties had each acted knowledgeably, prudently and without compulsion.’

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Designing Buildings at 07:47, 22 May 2019

2019-05-22T07:47:12Z

← Older revision		Revision as of 07:47, 22 May 2019
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	Market value should also be distinguished from 'fair value' which may be agreed between two parties according to their individual beliefs. Thus, the sale price of a second-hand car may not reflect its actual market value if in the estimation of both parties a fair transaction has been achieved that fulfils both their economic and emotional needs.		Market value should also be distinguished from 'fair value' which may be agreed between two parties according to their individual beliefs. Thus, the sale price of a second-hand car may not reflect its actual market value if in the estimation of both parties a fair transaction has been achieved that fulfils both their economic and emotional needs.

−	However, defining value can be problematic, especially when market values and personal values are in conflict. An old broken watch may have a very low market value yet may have huge ~~sentimental~~ value to the owner.	+	However, defining value can be problematic, especially when market values and personal values are in conflict. An old broken watch may have a very low market value yet may have huge personal value to the owner.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =