The International Valuation Standards Council (IVSC) has announced it is to issue guidance on how to measure the value of investment property under construction. London-based IVSC is to issue a discussion document with a draft guidance in the second quarter of 2009. To bridge the gap in the meantime the council has issued an Interim Position Statement, which it says summarises major valuation issues and provides its preliminary view of the valuation principles that should be adopted.
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