Considers the important ways in which property is different fromother investments and the problems associated with measurement ofinvestment performance in the property market. Outlines the features ofthe difference of property investment as providing a mediumlevelsecure income, a different performance cycle, and a lower level ofrisk. Discusses the issues creating concern over the pricing of propertyand the ability to measure its performance, and looks at recentdevelopments in the market. Suggests that the processes of evaluationand performance measurement are providing data on a more comparablebasis as the property market itself becomes more efficient.
Journal of Valuation – Emerald Publishing
Published: Mar 1, 1990