Conditions in a given market or general economic conditions are normally subject to variety of changes. At times, these changes are volatile. The flux of ups and downs is constant. But during a given period of time the changes go through a sort of pattern (either up or down). These patterns for that period of time are termed ‘market trends’. But when changes become volatile they become unpredictable. The Valuer, when he is called upon to determine the worth of a given asset at a given period time, has to know the market trend for land during that period of time in the particular neighbourhood (Mulyankan Consultants Ltd, n.d.).
