This up-to-date reference on property investment highlights the problems with existing techniques of property valuation and appraisal and identifies possible ways forward for both research and practice.
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.