Challenges to Market Value
The presentation will provide a summary of the two recently published IVSC perspectives papers on Market Value and will explore topics such as:
- Price, Cost, Value and Worth
- How do we define what the ‘market’ is and how does this impact on Market Value?
- What is the Market Value conceptual framework?
- Is market Value backward looking?
- Are the ‘peaks’ and ‘troughs’ truly captured when using a Market Value premise?
- How does the valuer utilise assumptions and special assumptions with Market Value?
This session will be held in English language.
Session C-3: Thursday, 3 November 2022 I 2:30–3:30 pm
Alexander Aronsohn, FRICS
International Valuation Standards Council (IVSC) | Director of Technical Standards (Tangible Assets)
Alexander Aronsohn, FRICS is a Chartered Surveyor with long and wide-ranging experience encompassing residential asset management, commercial and residential development, rating, national and international valuation and investment. Alexander is the IVSC Director of Technical Standards for Tangible Assets and assists the IVSC Standards Review Board and its Asset Boards on drafting IVS, perspectives papers, presentations, training and articles. In addition, Alexander has a leading role in various International Standards Coalitions and is the Executive Secretary of the International Property Measurement Standards Coalition (IPMSC) Standard Setting Committee (SSC), the International Ethical Standards Coalition (IESC) Standard Setting Committee (SSC), and International Land Measurement Standards (ILMS) Standard Setting Committee (SSC). Prior to joining the IVSC Alexander was the RICS Director of Technical Standards and was also the Executive Secretary of the International Fire Safety Standards Coalition (IFSSC) Standard Setting Committee (SSC) and a member of the International Construction Measurement Standards Coalition (ICMSC) Standard Setting Committee (SSC).