Future value over market value: How real estate valuation is changing.
The article discusses how the traditional method of valuing real estate based on market stability may not accurately reflect the true value of a property. Instead, it suggests that focusing on the future potential and use of a property may be more beneficial for investors. This shift in perspective is driven by the realization that markets are not as stable as previously thought, and that future needs and expectations play a significant role in determining value. Investors are increasingly interested in the potential future income and use of a property, rather than just its current market value. This concept of valuing a property based on its potential use, rather than its current market value, is gaining traction in the real estate industry.