Chapter 1: Introduction -- Part I: Inside Property Market Cycle -- Chapter 2: Property Market Cycle -- Chapter 3: On the Essence of property cycles -- Chapter 4: Addressing Cyclicality Through International Financial Standards -- Chapter 5: Dealing with Cyclical Assets -- Chapter 6: The Logic of...

Purpose: The purpose of this study is providing a possible methodological solution to the valuation of cyclical.assets. International Valuation Standards introduce a brand new definition of property: the cyclical asset (International Valuation Standards Council 2017, IVS 105, p. 39 and p. 41)....

Purpose: Valuation is a professional activity based on international and local standards. In the valuation process more than one method can be modified. In this case, a final reconciliation of different opinions of value may be required. It is a matter of fact that the final result of these...

Purpose This paper aims to propose a new valuation method for income producing properties. The model originally called cyclical dividend discount models (d’Amato, 2003) has been recently proposed as a family of income approach methodologies called cyclical capitalization (d’Amato, 2013;...

This paper is focused on the integration of property valuation and market cycles analysis. Early work in this field (d'Amato, 2003) tried to integrate market analysis and valuation process and reduce the gap between academic research on property market cycles and professional practice of...

"The real estate market is rather new sphere of activity in Belarus. In spite of that there is interesting experience in urban land mass valuation field in Belarus. A comparison have been developed among different mass appraisal methodologies in an undeveloped property market. Recentely, a...

Discount Cash Flow Analysis can be defined a well accepted real estate valuation methodology both by academicians and by professionals. Unfortunately behind this common term there are several differences both in terminology and in methodological application. This paper tries to compare a British...

The paper deals with application of several emerging approaches to mass appraisal (valuations). The empirical part uses a sample of more than 100 residential properties in a neighbourhood of Amsterdam to compare the valuation accuracy of three methods: multiple regression analysis, the...