RICS Middle East and Africa The 7 tier Property Valuation Framework

In the intricate world of property valuation, professionals often grapple with the challenge of selecting the most appropriate approach and method for their assessments. This webinar aims to unravel the complexity by introducing a comprehensive framework tailored for property valuers. We will delve into the nuances of the three primary approaches, market, cost and income, and explore the intricacies of the five main methods of valuation: the Comparable Transaction method, Investment Method (both Traditional and Discounted Cash Flow), Residual, Depreciated Replacement Cost (DRC) method, and the Profits method.

A key highlight of the webinar will be the introduction of the Property Valuation Framework, a strategic tool designed to guide valuers in making informed decisions about which approach and method to employ. The framework emphasises the importance of various inputs such as the type of amount (price, value, cost, or worth), the purpose of the valuation, assumed use (type of asset), premise of value, and the basis of value. By dissecting these elements, the webinar aims to provide participants with the right mindset and practical strategies to navigate the decision making process in property valuation effectively.

This session is an invaluable opportunity for every property valuer, whether novice or experienced, to enhance their understanding and application of valuation methods in a diverse range of scenarios.

Speaker

Dr Tarek Madany, RICS MEA World Regional Board member, and Managing Director of Global Appraisal Tech

Leaning outcomes

• Learn to effectively utilize the 7 tier Property Valuation Framework, integrating key inputs like type of amount, valuation purpose, and asset type.
• Develop enhanced decision-making skills for selecting appropriate valuation methods in diverse situations.
• Acquire practical skills in applying theoretical knowledge to real-world property valuation cases.
• Enhance professional competence and confidence in conducting comprehensive and accurate property valuations.