The market value is a measure for the value of economic goods. For the meaning of the term in the communications technology see market value (communications technology)

Definition of the market value in Germany

The market value for properties and building (real estates) is defined in "§ 194 BauGB:

"“Market value by price determined, which would be to be obtained in the time, to which the determination refers, in the usual course of business after the legal conditions and actual characteristics, the other condition and situation of property or the other the subject of the valuation without consideration for unusual or personal conditions."”

By usual course of business one understands a trade on a free market, whereby neither buyers nor salesmen stand under time pressure or other obligations and become effective excluding objective yardsticks.

The market value is thus the value, which would most probably adjust itself generally course of business.

For the determination of the market value different valuation procedures are common. The market value is determined thereby by conditions, which prevail at the evaluation deadline on the property market, and is thus a size, which has validity only to this deadline.

See also

Property valuation | productive value procedures | real value | reference value procedures | liquidation value | Residualwertverfahren | broker formula | book value | value in use | current value | building law book

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