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  • Tuesday, April 29, 2025
  • The Financial Encyclopedia
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Real Estate

  Real Estate   |   Terms
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  • October 5, 2021
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Open Market Value

The opinion of valuation experts/ valuers as to the best price/ consideration at which the sale of an interest in a real estate property consummates unconditionally on the date of valuation. It is a price fetched in the open market that is subject, by nature, to the forces of supply and demand, and without any “artificial” influences or restrictions as to price determination.


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