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Crossword puzzle: valuation concepts and principles

Horizontales
Provides value estimate by comparing the subject property with recently sold properties.
A value per unit estimate commonly used by valuers.
An approach to valuation which seeks to ascertain the market value of a development opportunity.
A rate that converts income to value.
Reasonable and probable use that supports the highest present value on the effective date of the valuation.
The investment approach technique used to convert a single year net income to an estimate of market value.
A specific investors’ perception of the capital sum that would be paid, or accepted, for a stream of benefits.
A technique whereby estimated future monetary cash flows over a specified investment period are discounted to present value.
A recent sale which is similar to the subject property.
Loss in value due to deterioration and obsolescence.
Dollar amount required to construct an exact duplicate of the subject property at current prices.
Verticales
Provides value indication based on the present worth of the future rights to income.
To estimate market value.
Construction cost at current prices that is not necessarily an exact duplicate but serves the same purpose or functional utility as the original.
Market rental income divided by sales price.
Cost estimate where major construction components (walls, roof) are segregated.
Interests where improvements are either being contemplated or are in progress at the valuation date.
A form of depreciation attributed to the wear and tear of the property over time.
Unoccupied portions of a building.
Expenses necessary to maintain the production of income
Potential gross income, less vacancy and operating expenses.