Purpose – This paper seeks to describe the development and testing of a depreciated replacement cost model for a portfolio of corporate real estate assets. Design/methodology/approach – A model was developed in Microsoft Excel, using depreciation rates and adjustment factors derived from...

The globalization of trade and markets requires international standards governing accounting and associated activities including valuation. The EU Financial Services Action Plan and the revised banking supervision rules both spotlight the need for consistent standards. Valuation standards exist...

The valuation of real estate is a central tenet for all businesses. Land and property are factors of production and, as with any other asset, the value of the land flows from the use to which it is put, and that in turn is dependent upon the demand (and supply) for the product that is produced....

Guidance Note 1 of the Red Book 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. Accounting changes...

American real estate appraisers given identical valuation problems produced statistically different value estimates. The measured variable between experimental groups was an agency‐client treatment operationalized as a pending mortgage scenario. This finding is consistent with the view of...

Purpose – Proposes a new real estate valuation methodology and presents the architecture for a decision support system for real estate analysis based on Geographic Information Systems (GIS) techniques integrated with fuzzy theory and spatial analysis. Design/methodology/approach – The...

Purpose – This paper seeks to consider selected aspects of the relationship between real estate valuation, human cognition, and translational research. Its purpose is to introduce the concept of cognitive risk, to propose a framework for mitigating it, and to develop a stream of translational...