Since the mid 1990s, in a generally strongly performing property market, there has been a significant growth in the number of unlisted real estate funds. These funds have provided fund managers with the opportunity to charge performance fees, without the manager being able to provide clear...

The global framework -- Local frameworks -- Fundamental financial concepts for the income approach -- Fundamental methodologies for the income approach -- Ethics, standards, practice and processes -- Market valuation basic principles -- The income approach : freeholds -- Leaseholds -- The impact...