Following its recent decision to develop a new standard and technical guidance on Investment Property, the Standards Board of the International Valuation Standards Council (IVSC) has now prepared a project brief to examine certain aspects of the issue, such as the use of different valuation methods, valuation inputs, derivation of discount rates, treatment of purchaser’s costs, determining if a property can be reliably valued, and the impact of market inactivity.
The IVSC is currently seeking volunteers for a working group to advise the Board and help move the project forward, according to the IVSC’s January 2012 e-newsletter. “Applications are welcome from valuation firms active in the sector . . . and other users of valuations in the sector such as analysts,” the Council says. For a copy of the Project Brief and an application form, interested parties may contact the IVSC Technical Director,Chris Thorne, by clicking here.
The IVSC also notes that comments on the exposure draft, “A Competency Framework for Professional Valuers,” published last December, are due no later than February 28, 2012.