ABSTRACT
The ownership of property is a form of holding money and thus when we consider the valuation of property we are concerned with money. It is therefore essential for the newcomer to valuation to get to know the way investors think. Both the student and the experienced practitioner should understand what is happening in the world of finance generally, and with this in mind the financial pages of a good newspaper should be read regularly. The more you know about the way monied people and institutions think and act, the better equipped you will be to become a skilled valuer. What are people currently spending their money on? What is the trend? What changes in investment policy are taking place? What is being done with money? Why are these things happening? These are all critical questions for the professional adviser to ask.
