Real Estate Insights: Can valuers call the market?

Purpose To challenge existing practice recommendations. Design/methodology/approach Review recent literature with some theoretical advances. Findings The larger advisory companies, supported by their economists and research departments, should certainly have the capacity to form an informed view about fair market pricing for the bigger, more transparent and liquid markets. But surely it is asking too much of valuers to jump into this area of responsibility across all real estate markets without much more public discussion of the issues we raise in this paper. Practical implications More public discussion of the issues we raise in this paper is called for. Originality/value This is a review with some original challenges.