Implications for investors, managers, auditors, valuers and regulators of discrepancies in commercial valuations

Stuart M. Locke, Kim Langfield-Smith

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The discrepancy between appraised valuations and market prices is a cause for concern to valuers, investors, bankers, trustees, accountants, auditors, portfolio managers and regulators. Members of each group need to clarify how the potential costs of a discrepancy will effect them. Error metrics, relevant to the risk profile of interested parties, are illustrated as a means of quantifying the exposure to which each is subjected. Dialogue and discussion between interest groups is thought to be the best way of overcoming the apparent anomally.

Original languageEnglish
Pages (from-to)29-39
Number of pages11
JournalLand Development Studies
Issue number1
Publication statusPublished - 1 Jan 1989


  • Commercial valuations
  • Error metrics
  • Investors
  • Regulation

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