Can the “Valuations” of Office Properties in London Be Trusted

by Wolf Richter, Wolf Street: These “valuations” are crucial to metrics of REITs and property mutual funds, including net asset value (NAV), amid concerns about conflicts of interest. In its third quarter report on the state of the UK’s commercial property market, the Royal Institute of Chartered Surveyors (RICS) said that expectations for a decline in rents […]