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A real options approach to development land valuation [electronic resource]

By: Contributor(s): Language: English Series: RICS Findings in Built and Rural Environments ; September 2007Publication details: London RICS 2007Subject(s): LOC classification:
  • 333.332 $2 18
Online resources: Summary: 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.
Holdings
Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 140981-2001

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.