What is a price benchmark

A Price Benchmark is a useful tool to understand likely average pricing in markets which are less than liquid. For example, shares of large listed companies trade millions of times per day and therefore no price benchmark is needed. However, for less liquid assets such as some commodities, property and other high value items, benchmarks are vital to quickly understand the likely value and compare against other assets.

In our blog: 'Property pricing & the value of a benchmark', we expand on the concept of a benchmark and it's value in property analysis.