Media reports suggest more bad news on the way. What puzzles me is what valuation can be placed on property for this exercise if, in effect, there is no market there to guide values. For example the park where i live has been a much sought after place to live and in the past rarely a house went on the market as it was snapped up once news went out it was for sale. For past two years or so a house has been for sale and i gather there has been no offers. How can this property be valued?