ABSTRACT
Chapter 8 introduced methods of valuing properties which are usually sold or let on a regular basis in the property market. These are the Comparative Method and the Investment Method. It also explained that the Profits Method may be appropriate when property enjoys an element of monopoly and the Residual Method may be used when property has development potential. However, there are some types of property where these methods cannot be used reliably. The properties involved are usually non-profit making, publicly-owned buildings, or privately-owned specialised buildings which are rarely, if ever, sold or let in the market, because they are designed, used or located to meet the specific requirements of their owners.
