The impact of COVID-19 pandemic on Real Estates Valuation

With the current state of market uncertainty, concern about valuation, and reporting of the market value of the real estate is on the rise.

Causing valuers, wealth managers, asset managers, fund managers, investors, and other users of valuations to be more careful and painstakingly minding the effects of the COVID-19 pandemic on real estate valuations.

In view of the recent vaccine rollouts, accommodative fiscal and monetary policies, and the projection of global GDP to rise by around 4.2% in 2021 and by a further 3.7% in 2022 by the Organization for Economic Co-operation and Development (OECD) in its 2021 economic outlook; it is, therefore, important for valuers to carefully pay attention to the definition, explanation, and application of certain keywords in the post-COVID-19 pandemic valuation of real estate and other illiquid assets