Property Valuation Methods Research Articles

THE ENIGMA OF THE SHORT LEASEHOLD

Leasehold valuations are, as ever, an area of controversy. The 1980 Interim Report of the RICS Research Project into Property Valuation Methods can be seen as the climax of systematic and prolonged attacks upon the dual rate approach to leasehold valuation which have met with little or no resistance. In that report it was recommended ‘that the theoretical weaknesses of the conventional dual rate method be emphasised to all practitioners’.