Mercantile Value Reduction (MVR)

Based on the definition of the Market Value according to International Valuation Standards (4.2.1), Mercantile Value Reduction (MVR) is defined as the diminution in the estimated amount for which a property - impaired by its previous use which is determined by the purchase price affecting uncertainties that are not sufficiently quantified/-able - should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion