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Commercial property valuers must adjust to an emerging new world economic order

Paul McNeive


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Crowds gather on Grafton Street for the Christmas lights at a time when landlords are sharing lessors' risk. Photograph: Photocall Ireland

Crowds gather on Grafton Street for the Christmas lights at a time when landlords are sharing lessors' risk. Photograph: Photocall Ireland

Crowds gather on Grafton Street for the Christmas lights at a time when landlords are sharing lessors' risk. Photograph: Photocall Ireland

Every day now one hears references to the performance of businesses and economies in 2019 which has become the benchmark for normality before Covid and the war in Ukraine. But, at this stage, isn’t there a risk that traditional valuation methods, referencing old information, may be becoming obsolete?

That’s a conundrum I posed to Caroline Kirrane, CFA, MBA, a financial analyst and former Central Bank economist. She agrees that there is a problem in comparing with older information but told me that now, more than ever, business valuers must return to the base principles of how we value things.


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