PROPERTY VALUATION POST COVID: MARKET CHANGE AND VALUATION MODELLING

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As we have all observed, one of the unforeseen consequences of the Covid 19 pandemic has been the acceleration of market change. Retailing and office markets have experienced 10 years of change in consumer/occupier behaviour almost overnight. This will have a substantial effect on the valuation models and the valuation inputs used in all markets. Indeed, in the case of shopping centres, the business model needed to survive will change the relationship between retailer and owner to a much more symbiotic existence. There have been winners and losers and values will change to reflect the new demand drivers.

The talk will also be highlighting issues, such as MEES, which have taken a back-seat during 2020 but which will have a significant impact on valuation practice going forward.

• Comparables and Market Sentiment – a more balanced viewpoint
• High Street Retail – long term assumptions in an uncertain world
• Shopping Centres – a move toward shared risk and shared reward – turnover rents
• MEES and Commercial Property Values
• Valuation models, inputs and risk adjustment

Nick French, Real Estate Valuation Theurgy, Property Education