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…
Ebene Cybercity remains the primary office hub in Mauritius, characterised by modern developments and strong corporate occupancy.Recent market observations indicate:Office unit values generally rangin…
The Depreciated Replacement Cost (DRC) method is commonly adopted where there is limited or no direct market evidence, particularly for specialised properties.This approach involves:Estimating the cur…
Before undertaking a valuation, certain key documents are typically required to ensure accuracy and efficiency.These may include:• Title deed• Survey report • Location plan/site plan• Deta…
Location continues to be one of the most influential factors in determining property value.Key elements include:• Accessibility and road network• Proximity to commercial hubs• Surrounding dev…
Valuations prepared for financial reporting purposes must comply with recognised standards such as:International Valuation Standards Council standardsRICS Global StandardsThese valuations are used by …