Öhman, Peter; Söderberg, Bo; Uhlin, Ola - In: Journal of Property Research 29 (2011) 2, pp. 103-122
This study addresses how property appraisers forecast one important component of the commercial property valuation model: net operating income. We compare appraisers’ <italic>ex ante</italic> forecasts with corresponding <italic>ex post</italic> figures from company financial reports. The data are from the Swedish Property...