Traditional valuation approaches are increasingly recognised as being insufficient to address the wicked valuation problems of the diverse peoples and groups that inhabit the globe from north, south, east to west. In the latest episode of The Customary Land Podcast I sit down for a far-reaching conversation about the valuation of unregistered land with Mike McDermott PhD MA FAPI FRSA. Mike is an International Land Policy and Valuation Implementation Consultant who is also the author of Wicked Valuations and Landed Property. He has advised a diversity of governments, development agencies, donors and professional organisations.
We discuss land policy, land reform, customary land, peri-urban developments, fitness landscapes, compulsory acquisition, due diligence, market value, solatium and the principle of equivalence. We explore the importance of the the personal, cultural values and norms which underpin our assessment of “value”, and how to incorporate these in the valuation of unregistered land. Mike’s innovative approach to Wicked Valuations develops a means of engaging with highly complex valuation problems.
You can access all of The Customary Land Podcast episodes using this link or listen in your favourite podcast player. For those of you who prefer to watch a video version, it is provided here.