Prolonged uncertainty as to when business as usual will resume continues to have a direct impact on property, sparking a chain of decision-making not experienced by the valuation industry since the financial crisis, over ten years ago.

One significant challenge is financial year-end reporting. For most organisations, the impact of COVID-19 could be a major factor influencing valuations in financial statements submitted under International Financial Reporting Standards (IFRS) and Financial Reporting Standards 102.

In this week's Legal & Professional column for Property Week, I look into this further as businesses continue to feel the pressure.