Globalized valuation standards

Valuations are required for many purposes: financial reporting, sale-purchase transactions and capital investment, securitization, tax settlements , financial regulation, and resolution of disputes over property interests. Today, the world’s financial community and its regulators are putting increasing reliance on value rather than cost, whether it is for investment decisions, risk-profiling or disclosure in financial statements . As a result, there is growing recognition of the urgent need for a  ..

Market Value is the price at which an asset would trade in a competitive Market. International Valuation Standards (IVS) define Market Value as the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeable , prudently, and without compulsion.

value-in-use: The net present value (NPV) of a cash flow that an asset generates for a specific owner under a specific use. Value-in-use is the value to one particular user, which may be above or below the market value of a property.
Insurable value is the value of real property covered by an insurance policy. Generally it does not include the site value.
Liquidation value may be analyzed as either a forced liquidation or an orderly liquidation and is a commonly sought standard of value in bankruptcy proceedings.
Price value :  It is important to distinguish between Market Value and Price. A price obtained for a specific property under a specific transaction may or may not represent that property’s market value. Property appraisal is based on analysis of the factors like the terms of sale cash, cash equivalent, or other terms, the relationship , knowledge, and motivation of the parties i.e., seller and buyer and like exposure in a competitive market for a reasonable time prior to sale.