The valuation of leasehold property
French, Nick
The valuation of leasehold property - 2008 - Journal of Property Investment and Finance 26(5) 2008, 447-449(3) .
Using worked examples, explains that the market value of any interest (freehold or leasehold), represents the discounted value of the future benefits derived from the ownership of that interest. Reconsiders this idea in relation to leasehold valuations, using a discounted cash flow (DCF) technique. Concludes that the case of short leaseholds shows that DCF techniques should be used as the principal valuation method.
United Kingdom--
The valuation of leasehold property - 2008 - Journal of Property Investment and Finance 26(5) 2008, 447-449(3) .
Using worked examples, explains that the market value of any interest (freehold or leasehold), represents the discounted value of the future benefits derived from the ownership of that interest. Reconsiders this idea in relation to leasehold valuations, using a discounted cash flow (DCF) technique. Concludes that the case of short leaseholds shows that DCF techniques should be used as the principal valuation method.
United Kingdom--