Generally an increase in competition would have a depreciating effect on rental value. A valuation officer had therefore underestimated the adverse effect the presence of four supermarkets in a town might have on another supermarket when she had adopted the approach that the competition demonstrated a greater demand for space which would increase the value.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
