Crosby, Neil; Devaney, Steven - Henley Business School, University of Reading - 2006
Depreciation is a key element of understanding the returns from and price of commercial real estate. Understanding its …-constructed pricing models and its impact on indices of commercial real estate prices needs to be recognised. There have been a number of … previous studies of the impact of depreciation on real estate, particularly in the UK. Law (2004) analysed all of these …