Property Valuation Case Study

3Challenges Property Valuation Practice Faces
The actual property valuation practice in Dessie city administration is unsatisfactory and lake trust by the community. As questioners and interview to different respondents of the study was concerned property value is affected by the interaction of four basic factors. These are social, economical, governmental and physical forces influencing property valuation. An understanding of these value influencing forces is basic to the valuation of property assets. It becomes evident that the issues related to the growing awareness of and need for more sustainable development are driving all four basic forces mentioned above. Hence, professional valuers make an in depth study of all forces affecting property values, that they can formulate a reasonable and logical opinion on a value for a given property and situation. 4.5.3.1 Social Influences
Social influences are changes in the size and demographic profile of the population can affect demand for goods and services as well as the availability and cost of the workforce used to produce properties. From table 4.5 show majority (54.84%) respondents proved that as population growth occur the property valuation becomes increases. In the city, the Social forces include population growth in relation to the social

An indication that real property located on a major transport service should be replaced by an anther real property is based on potential use which creates its greatest value. Whenever one has to value property a client should consider whether the property is currently being used to its greatest potential purpose. The potential of property is also indicating that at the time of valuation is most likely to produce the greatest net return to the land and property over a given period of