"The first of these meanings implies what is known, in the UK, as the valuation process or, in the US, as the appraisal process. This process seeks to estimate what is termed 'Market Value', which is a prediction of the most likely selling price for an asset. There is now widespread acceptance...

The global framework -- Local frameworks -- Fundamental financial concepts for the income approach -- Fundamental methodologies for the income approach -- Ethics, standards, practice and processes -- Market valuation basic principles -- The income approach : freeholds -- Leaseholds -- The impact...