A real options approach to development land valuation [electronic resource]
Hutchison, Norman
A real options approach to development land valuation [electronic resource] - London RICS 2007 - RICS Findings in Built and Rural Environments September 2007 .
Presents the case for using a real options approach to valuing development land and provides an illustration of the technique. Considers the advantages of real options theory, in particular noting that it deals explicitly with the flexibility that is inherent in any project development and complements standard valuation approaches. Highlights issues in the valuation of development land, looks at modelling real options, and provides an example of how real options work in practice. Concludes that more empirical work is required to test the applicability of using real options and this requires collaboration with developers to obtain real development data.
United Kingdom--
333.332 $2 18
A real options approach to development land valuation [electronic resource] - London RICS 2007 - RICS Findings in Built and Rural Environments September 2007 .
Presents the case for using a real options approach to valuing development land and provides an illustration of the technique. Considers the advantages of real options theory, in particular noting that it deals explicitly with the flexibility that is inherent in any project development and complements standard valuation approaches. Highlights issues in the valuation of development land, looks at modelling real options, and provides an example of how real options work in practice. Concludes that more empirical work is required to test the applicability of using real options and this requires collaboration with developers to obtain real development data.
United Kingdom--
333.332 $2 18