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Sustainable behaviour and responsible business practices are increasingly seen as a precondition for achieving better investment returns. In this context the valuer profession needs to address theoretical and practical issues relating to the inclusion of sustainability aspects into assesments of...
Persistent link: https://www.econbiz.de/10008763644
Valuation is often said to be “an art not a science” but this relates to the techniques employed to calculate value not to the underlying concept itself. Valuation is the process of estimating price in the market place. Yet, such an estimation will be affected by uncertainties. These input...
Persistent link: https://www.econbiz.de/10014898083
regeneration land. Also the Investment Property Forum/Investment Property Databank specifically concluded that a new approach is … commences with an examination of risk analysis within investment decision making and the property industry, drawing on the …‐making framework within which the property risk score is applied. Originality/value – The aim of this paper is to present an …
Persistent link: https://www.econbiz.de/10014898099
Purpose – Property valuers are often asked to allocate portions of the market value of a property to parts of the … subject property. This paper aims to illustrate that the market value of a property cannot be divided into a market value for … for property analysis. Some suggestions are made concerning tools that might replace apportionment in property analysis …
Persistent link: https://www.econbiz.de/10014898110
Purpose – The purpose of this paper is to examine individual level property returns to see whether there is evidence of … larger database covering all UK commercial property data available in the Investment Property Databank (IPD) for the years … 1981 to 2002 – as many as 216,758 individual property returns. Findings – While the results of this study mimic the US and …
Persistent link: https://www.econbiz.de/10014898166
Purpose – The purpose of this paper is to review the historic evolution of dual rate valuation practice in the UK from the nineteenth century to the present time. Design/methodology/approach – The paper is based on a review of published books, articles and letters dating from 1852. Findings...
Persistent link: https://www.econbiz.de/10014898191
property and valuation. Practical implications – The research suggests that key stakeholders must work together to provide … major role in property investment and finance (i.e. valuation and commercial property), comparing their position with that …
Persistent link: https://www.econbiz.de/10014898213
Purpose – The purpose of this paper is to explain the rationale for integrating sustainability issues into property … hand, property valuation represents the major mechanism to align economic return with environmental and social performance … of property assets, and thus to express and communicate the advantages and benefits of sustainable buildings. On the …
Persistent link: https://www.econbiz.de/10014898214
hypothesis that property prices are affected by seasonal and spatial effects beyond structural effects and the effects of the … general economic situation. Property valuations are strongly connected with deterministic exogenous variables, such as the … size, age and location of the property, the general economic situation, and to a lesser effect the spatial system and the …
Persistent link: https://www.econbiz.de/10014898298
Purpose – Both hedonics and the traditional sales comparison approach are derived from a similar paradigm with respect to how prices, hence market values, are determined. While the hedonic approach can provide reliable estimates of individual attributes' marginal contribution, it may –...
Persistent link: https://www.econbiz.de/10014898310