There are many factors which may influence the value of a property, such as location, condition, size, proximity to good schools, etc… The formal property valuation process takes into account all these factors to determine the market value of the property at a particular point in time. However, most of the time, property value and price differs. This is because, like any other markets, the property market is an imperfect one where both buyers and sellers are not perfectly informed or even rational. Broadly, there are five methods to ascertain the market value of a property. – Direct Comparison Method – Investment Method – Cost Method – Residual Method – Profits Method Direct Comparison Metho

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