Showing 41 - 50 of 549
Persistent link: https://www.econbiz.de/10013382525
In this paper, it is argued that neo‐classical location theory is of limited value in conceptualising the structure of urban office markets. Rather there are sound theoretical and technical arguments for segmenting office markets into distinct submarkets. It is further argued that submarkets,...
Persistent link: https://www.econbiz.de/10014898001
Property markets are considered efficient when the market price of a transacted property equates with its market worth. If this condition holds then identical properties should sell or let for the same price. However, properties are heterogeneous, and information and operational constraints...
Persistent link: https://www.econbiz.de/10014898056
Purpose – The objective of this paper is to re‐appraise intra‐urban rent models in the context of a multi‐nodal landscape. Primarily, the study focuses on the early work of Alonso and, more recently, Di Pasquale and Wheaton. Although the latter use a more sophisticated approach, both...
Persistent link: https://www.econbiz.de/10014898102
Purpose – The purpose of this paper is to question whether traditional cost approaches apply to the valuation of an airport now that they are no longer public utilities but very much commercial enterprises. Design/methodology/approach – The research discusses the business model, the...
Persistent link: https://www.econbiz.de/10014898914
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...
Persistent link: https://www.econbiz.de/10011154037
"In Scotland, sellers of houses are typically faced with choosing from one of two pricing systems - offers over or fixed price ñ to market their property and achieve the ""best"" price in the open market. In the offers over system, sellers set a reserve price and interested parties bid through...
Persistent link: https://www.econbiz.de/10011154044
Most conceptual and applied economic models of the structure of urban office markets have been developed from traditional location theory. In their basic form, these models tend to posit a trade-off between accessibility and space. In the light of changing business practices and...
Persistent link: https://www.econbiz.de/10010827158
ERES:conference
Persistent link: https://www.econbiz.de/10010799977
This paper examines the evolution of the commercial property investment market over the last thirty years. The empirical core of this paper will quantify the changing nature of liquidity and transactions activity in the commercial property investment market in the UK since 1981 based on the IPD...
Persistent link: https://www.econbiz.de/10010800181