Examines the valuation of property investments let at rents inexcess of their estimated rental values. Summarises the conventional andcontemporary approaches to market valuation. Exposes the limitations ofthe models via an examination of some actual valuations taken from theUK property market. Concludes that future rental growth prospects mustbe dealt with explicitly in these valuations.
Journal of Property Valuation and Investment – Emerald Publishing
Published: Jan 1, 1993