Property Investment Theory

ISBN-13: 9780419147701 / Angielski / Twarda / 1988 / 180 str.

A. R. Macleary; N. Nanthakumaran

Opis

The volume of money invested in the UK has increased dramatically in the last ten years; over the same period the property market has seen equally radical changes. Increasing concern has been expressed at the inadequacy of existing techniques for the valuation and appraisal of property investment. There is little doubt that new methods are needed. This text examines the theoretical basis and underlying assumptions of the various property models currently in use. They highlight some of the problems inherent in the current methodology, and identify possible ways forward for both research and practice.

Spis treści

Notes on authors. Introduction. Property and investment - A R MacLeary. Valuation techniques: A matter of evidence and motive - W D Fraser. The current discounted cash flow models for the valuation and analysis of property investment: an examination of some of the problems - N Nanthakumaran. Depreciation and property investment appraisal - A E Braum. The analysis of risk in the appraisal of property investments - S F E Morley. Forecasting of rents - F T Hetherington. Portfolio theory and property investments analysis - G R Brown. Asset pricing models and property as a long term investment: The contribution of duration - C W R Ward. Advances in property investment theory - A R MacLeary and N Nanthakumaran. Index.

O autorze

A. R. MacLeary, N. Nanthakumaran