Part D: Valuation reports
This part provides guidance on the content we require in a market valuation report.
A valuation should:
- be replicable – in effect, this means the valuation should be documented and explained well enough that another person or valuer can understand how the value was determined
- preferably be undertaken by a suitably qualified and experienced person in relation to the asset being valued.
A valuation report should:
- be understandable
- objectively demonstrate the valuation process undertaken in accordance with valuation industry practices.
If you do not adequately explain the process you undertook, we may not accept that the value reached by that process is the market value.