Market Value is the most commonly adopted basis of value in professional valuation practice. Under the RICS Valuation – Global Standards, Market Value is defined as: “The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction…”
In practice, determining Market Value involves:
- Analysing recent comparable transactions
- Adjusting for differences such as location, size, condition, and marketability
- Applying professional judgement based on market evidence
It is important to note that Market Value:
- Reflects current market conditions
- Is independent of book value or acquisition cost
- Assumes a properly marketed transaction
At Valuex Ltd, all valuations are undertaken in accordance with RICS and International Valuation Standards, ensuring consistency, transparency, and reliability.