This fully revised seventh edition of Property Development has been completely updated to
reflect ongoing changes in the property field and maintain the direct relevance of the text to …

The International Valuation Standards from 2017 introduced the definition of cyclical assets
or properties, conditioned by the effects of the market cycle (IVS 2027 IVS 105 para 50.21 …

Purpose Ordinary direct capitalization is normally considered procyclical in its present form
(De Lisle Grissom, 2011); for this reason, an alternative approach to direct capitalization may …

The relevance of market cycles is known in the financial markets and in the context of real
estate valuations it manifests itself in the estimate of the “exit value” of the Discounted Cash …

This controbution is a general introduction to the book. Some very basic economic concepts
are recalled to stimulate the attention of the real estate professional as well as the academic …

Unfamiliarity with a good reduce the chances to be used by consumers. This is the case of
digestate which is an organic soil conditioner obtained as byproduct of biogas chain. The …

Gli International Valuation Standards dal 2017 hanno introdotto la definizione di cyclical
asset o proprietà, condizionate dagli effetti del ciclo di mercato (IVS 2027 IVS 105 para …

The chapter reviews the Transactional Asset Pricing Approach (TAPA) developed through
the contributions of Michaletz (2005), Michaletz et al.(Income approach and discount rates …

Property valuation of income-producing properties is normally referred to as a direct
relationship between value and income. This is normally defined as income approach. The …

Traditional real estate valuation framework employs backward-looking historical data by
assuming stable market conditions. However, this hypothetical framework results in biased …