Social Housing Assets
The market values reflect the best sale price that could be obtained for the property at the time of the Valuation in the opinion of the Valuers. This is then adjusted to provide an Existing Use Value - Social Housing (EUV-SH) to reflect the assumption that the properties have sitting tenants with potentially below market value rents and with statutory rights such as the Right to Buy. The publication of the information on the market valuations is not intended to suggest that tenancies should be ended to realise the market value of properties. The valuations are reviewed on an annual basis and are provided in relation to the 2014/15 financial year.