Development Appraisals Flashcards
1
Q
What are the recent changes to the NPPF?
A
Government striving to reduce red tape
Introduction of grey belt
Housing targets
2
Q
What knowledge do you have of the RICS Professional Standard for Valuation of Development Property?
A
Professional standard to guide the valuer in the approach to development property valuations
Defined within the IVS410
Should be read in conjunction with the Red Book
Contents: development value process, establishing the facts, assessing potential, valuation approach, risk analysis, reporting.
3
Q
What are the limitations of the a residual Valaution
A
You are replying on key input to be correct and there are many variables.
The inputs are subject to change.
Any wrong input and significantly vary a valuation.
