What do all these figures mean?
The vast majority of valuations are prepared using the comparison method, i.e. valuing land or buildings by reference to open market transactions, agreed values (e.g. at rent review) or determined values. Given that only very rarely are two buildings identical, then it is necessary to find a common unit of comparison – that is a value per square meter / square foot. This, in turn, relies upon a common method of measurement. Hence, we must first understand how the buildings are measured.
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