Valuation in the property market refers to the process of determining the value of a property, whether it be land and buildings or plant and machinery. This term is commonly used to describe the expert evaluation of a property's worth, which can be used for various purposes such as company accounts, takeovers, share flotation, or mortgages. It is important to note that a valuation does not necessarily mean the transfer of ownership, but rather serves as a tool for decision-making and financial planning.
