Guidance Note 1 of the Red Book (RICS, 2003) states that the valuation of an operational entity includes four components: the land and buildings; the trade fixtures and fittings; the trading potential, excluding personal goodwill; and the benefit of any transferable licenses and consents. While...

ERES:conference

In the UK over the last twenty years there has been a proliferation in the statutory provision for wayleaves. The utilities requiring wayleaves such as the water, gas and electricity companies have now been joined by cable TV and a host of telecommunications providers. All have access to...

ERES:conference

Under the traditional method of valuation, risk is implicit within the initial yield which is used to capitalise the net income into perpetuity. The yield is derived from the risk free rate, usually long-dated gilts, plus a risk premium (Hoesli and MacGregor, 2000). Where the risks are seen to...

ERES:conference

The paper has two aims; to consider the negotiating strength of landlords and tenants in lease negotiations and to calculate the level of deposit which is necessary to mitigate income risk. The paper reviews existing literature on the negotiation strength between landlords and tenants in...

ERES:conference

Public Private Partnerships have made a substantive contribution to the upgrade in infrastructure quality around the world enhancing resident quality of life and supporting economic development. The rollout of the PPP model has not met with universal approval however; indeed in some countries...

The period of study, from 2000 to 2010, was a decade of turbulence in the American residential real estate market. The time period witnessed a sharp increase in property prices from 2000 to 2006 followed by a sharp decline after the 2007 sub-prime crisis in most markets in the US. The objective...