IDEAS home Printed from https://ideas.repec.org/a/taf/jpropr/v19y2002i4p313-326.html
   My bibliography  Save this article

Residential valuation behaviour in the United States, the United Kingdom and New Zealand

Author

Listed:
  • Julian Diaz III
  • Paul Gallimore
  • Deborah Levy

Abstract

This paper investigates the valuation processes employed by United States (US), United Kingdom (UK), and New Zealand (NZ) residential valuation experts. Professional appraisers from all three countries participated in a series of valuation experiments that revealed (i) switching from familiar to unfamiliar property settings did not alter valuation behaviour, (ii) valuation behaviour was consistently non-normative, and (iii) the processes employed by US appraisers differed from those of UK experts but not NZ experts. These behavioural differences are attributed to differences in the normative training and business cultures of the countries. Descriptive models of valuation behaviour are developed and compared.

Suggested Citation

  • Julian Diaz III & Paul Gallimore & Deborah Levy, 2002. "Residential valuation behaviour in the United States, the United Kingdom and New Zealand," Journal of Property Research, Taylor & Francis Journals, vol. 19(4), pages 313-326.
    • Handle: RePEc:taf:jpropr:v:19:y:2002:i:4:p:313-326
    DOI: 10.1080/09599910220008321
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09599910220008321
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09599910220008321?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Neil Crosby & Cathy Hughes & John Murdoch, 2004. "Influences on Secured Lending Property Valuations in the UK," Real Estate & Planning Working Papers rep-wp2004-14, Henley Business School, University of Reading.
    2. Diego Salzman, 2013. "Behavioural Real Estate," ERES eres2013_334, European Real Estate Society (ERES).
    3. Diego A. Salzman & Remco C.J. Zwinkels, 2013. "Behavioural Real Estate," Tinbergen Institute Discussion Papers 13-088/IV/DSF58, Tinbergen Institute.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jpropr:v:19:y:2002:i:4:p:313-326. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJPR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.