The price that would be received to sell an asset in an orderly transaction between market participants, as defined under IFRS 13; broadly aligned with market value but framed for financial reporting.
Related terms
- Forced sale value
The amount realisable where the seller is under compulsion to sell within a restricted marketing period; typically below market value and specific to the const…
- Going concern
A valuation basis assuming the business or property continues to trade and operate as at present, capturing the value of an operating enterprise rather than ba…
- Gross development value (GDV)
The total expected sales or capital value of a completed development.
- Hardcore and top-slice method
An investment technique that splits income into a secure base layer (hardcore) and a riskier layer above it (top-slice), applying different yields to each to v…
- Income approach
Valuing an asset by capitalising or discounting the income it produces.
- Insurance reinstatement value
The estimated cost of rebuilding a property to its existing condition following total loss, including demolition, professional fees, and inflation over the reb…
- Investment value
The value of an asset to a specific owner, given their particular circumstances and assumptions.
- Market rent
The estimated rent at which an interest would let on the valuation date between willing parties on appropriate lease terms in an arm's-length transaction; the…