Practice of property investment appraisal: reversionary freeholds in the UK

Crosby, N.

Practice of property investment appraisal: reversionary freeholds in the UK - 9(2) Winter 1990/91, 109-122(8) - See also Abstract 44019 - Journal of Property Valuation and Investment 9(2) Winter 1990/91, 109-122(8) .

Summarises the results of a survey (funded by RICS Education Trust ) of the application of investment valuation techniques to reversionary freeholds in UK practice. The survey questioned 1000 valuers in a range of organisations. It concluded that conventional valuation techniques dominate the market valuation role and that use of growth explicit techniques is confined to the analysis role. The conventional term and reversion approach to market valuation is being supplanted by equivalent yield and layer methods as a market standard and therefore it should no longer hold an important place in the syllabi of higher education institution teaching estate management.


INVESTMENT APPRAISAL
OXFORD POLYTECHNIC
RESEARCH