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The Initial Yield Revealed Explicit Valuations and the Future of Property Investment

The Initial Yield Revealed Explicit Valuations and the Future of Property Investment Starts from the basic principles of property investment and showsthat the initial yield conceals estimates of a risk premium, expectedincome growth and expected depreciation. Suggests that an explicitvaluation procedure which can be used at any level ranging from a singleproperty to the aggregate market may be constructed. Concludes that thesurveying profession is under threat from those able to meet the growingdemand for such explicit analyses. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Property Valuation and Investment Emerald Publishing

The Initial Yield Revealed Explicit Valuations and the Future of Property Investment

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0960-2712
DOI
10.1108/14635789210031334
Publisher site
See Article on Publisher Site

Abstract

Starts from the basic principles of property investment and showsthat the initial yield conceals estimates of a risk premium, expectedincome growth and expected depreciation. Suggests that an explicitvaluation procedure which can be used at any level ranging from a singleproperty to the aggregate market may be constructed. Concludes that thesurveying profession is under threat from those able to meet the growingdemand for such explicit analyses.

Journal

Journal of Property Valuation and Investment – Emerald Publishing

Published: Apr 1, 1992

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