Professional valuer perception of client pressure : a study of two North-European countries

• Work in progress – an early draftPurpose – Independence is essential when a clients need an objective valuation of a commercial property. This study describes and analyses client pressure on property valuers in the light of their memberships of professional bodies when valuing commercial properties. A point of departure is Levy and Schuck’s (1999; 2005) theoretical model of factors affecting professional valuers.Design/methodology/approach – A questionnaire was finalised after completion of a pilot study, and was sent to all property valuers with general authorisation in Finland and Sweden in 2015/2016. A third of the AKAs in Finland (55 of 157) and more than half of the APAs in Sweden (73 of 145) participated in the study.Findings – Analyses of preliminary results show that the property valuers in general do not perceive pressure from clients, even though they perceive that clients to some degree questioning their estimated market values. The valuers are also influenced by property information from clients.Originality/value – This comparative Nordic study on client pressure is conducted in a highly transparent environment, and uses data from professional valuers.

Subject headings

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business (hsv//eng)

Keyword

Authorized valuers

Client pressure

Commercial properties

Uncertainty

Publication and Content Type

ref (subject category)

kon (subject category)