What is 'market value' in SAP RE - Real Estate Management?

market value - Overview

• Component: RE

• Component Name: Real Estate Management

• Description: A price that a developed or undeveloped piece of property is expected to reach at the time of valuation under normal business conditions. The market value determination is made by experts such as architects, construction engineers, and appraisers. In making the determination, these persons consider the characteristics of the property, including its location, without taking personal or unusual circumstances into account.

market value - Details

• 
  Key Concepts: 
  Market value is a term used in SAP Real Estate Management (RE) to refer to the estimated value of a property or asset. It is based on the current market conditions and is used to determine the value of a property for accounting and taxation purposes. 
  
  How to use it: 
  In SAP RE, market value is used to calculate the value of a property or asset for accounting and taxation purposes. It is based on the current market conditions and can be used to determine the fair market value of a property or asset. 
  
  Tips & Tricks: 
  When calculating the market value of a property or asset, it is important to consider factors such as location, condition, and any improvements that have been made. Additionally, it is important to keep in mind that market values can change over time due to changes in the market conditions. 
  
  Related Information: 
  For more information on market values in SAP RE, please refer to the SAP Help Portal or contact your local SAP representative.