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Andrew Baum (1983)
THE ENIGMA OF THE SHORT LEASEHOLD, 1
It is important to question the suggestion that there is no distinction between inflation and growth. An illustration of the applications will show that the hybrid between the real value and equated yield approaches enables valuers to place the right type of yield on differing types of income or capital value, ie high yields when rents are unable to be reviewed, low yields when rents are able to be reviewed continually and moderate yields when the income in partially proofed.
Journal of Valuation – Emerald Publishing
Published: Jan 1, 1984
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