Valuing a property in the terests of the purchaser involves securing so far as possible a sat factory. rate of interest on the purchase price with remarked that neighbouring lots are not a safe basis to. work upon. Properties often change hands at far more or far less than: their true economic value. These sales at fictitious prices may be caused by:—1, Foreed sale on a weak market. 2 Special value to the purchaser of a given site.
3. Certain lots to which special!
value is attached for what may be termed prestige.
In valuing for a purchaser par! cular attention must be paid to the condition and probable life of the buildings with a view to allowing for any heavy outgoings which may be incurred within the near future though possibly not immediately necessary. It is also essential to estimate whether the property is let above or below its full rental value.
Text read from the printed page and cleaned; old type leaves the occasional error.