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The market value designates the current value of economic goods. With amending the BauGB 2004 in particular too "§ 194 BauGB (legal definition of the market value (market value)) it was however gotten straight that the market value is equal to market value.

As value the average at the determination time of the prices surely obtained in the usual course of business attainable or is accepted.

Deviating prices, which result from not generally valid characteristics like personal circumstances, are not considered during the Durchschnittsbildung.

Within the range of the real estate evaluation the following definitions are used:

European union "“under market value is to be understood the price, which is to be obtained not connected buyer under the conditions at the time of the evaluation due to a contract under private law over buildings or properties between a saleswilling salesman and one it by personal relations that property was offered openly at the market that market conditions of a normal sale do not stand in the way and that one is to the meaning of the object appropriate negotiation time at the disposal. "“TEGoVA (European union of the federations of the Immobilienbewerter) '' "“the market value is to designate the price, to which properties and buildings in accordance with a private contract by a salesready seller to an independent buyer by day the evaluation to be sold to be able, whereby the acceptance is at the basis put that the real estate is offered publicly on the market that the market conditions make a normal sale possible and that for the Aushandlung of sale a period normal regarding the kind of the real estate is available"” (source: Blue Book).

These two definitions do not differ in the thing. The term of the market value still common in the German right is to be understood as shown out above synonymously.

Management economics

In (theoretical) the management economics, in particular in the theory over financing and investment becomes

  1. the gross market value of an enterprise as the sum of the market values by this enterprise emitted financing title defines.
  2. the gross market value of an enterprise also the value of the payment stream to the enterprise less the value of the payment stream to the treasury (taxes) and less the value of the payment stream of the insolvency costs because of defines. In this case the payment stream are typically uncertain variables.
  3. the net market value of an enterprise as its gross market value less a disbursement transacted for holding the title (with primary capital market: Initial at the beginning of) defines.

Because the gross market value of an enterprise is defined over future and thus uncertain in and disbursements also, the market value of this enterprise depends on the viewer, in particular its current time and its information about evenly these in and disbursements.

Appreciation

The first definition is in practice at best imprecise, since it assumes even with sudden offer for sale of these financing titles the market value of the enterprise does not fall. Typically a share quotation of an enterprise e.g. sinks in the reality, if many appropriate shares are within a short time sold.

Conditions

For this reason as under first of all defined market value is definably regarded only under further conditions at all than, i.e. if

  • the Spanning condition and
  • the Competitivity condition

apply.

See also: market value-maximizing investment decision


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Articles in category "Market value"

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» Market value
» Market value
» Material value procedure
» Measure of the structural use
» Multiplicator method

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