Valuation in Perpetuity

25 Jun 2020 2:38:14 PM / by Quoin Online posted in property market, Covid-19, Rode, valuations

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An important aspect of the property industry worth discussing is the impact of the Coronavirus pandemic on valuations. Valuations assert a calculated value on a property based on a set of parameters. Usually, the value is based on historical values, the transaction value (better known as the market value), and the income-generating value. During the lockdown, the property industry and its processes were halted as workplaces closed their doors. Deals were put on the backburner and no transactions occurred for several weeks. Deals that were concluded did not transfer as the Deeds Office was closed and so re-opening faces a huge backlog.

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