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Option pricing theory to value development land [electronic resource]

By: Contributor(s): Language: English Series: RICS Findings in Built and Rural EnvironmentsPublication details: London RICS 2010ISBN:
  • 9781842195789
Subject(s): Online resources: Summary: Looks at the potential for using option pricing models to value land with development potential. Uses data on residential property and land sales from Perth, Western Australia for the period 1995-2008 to test this valuation method.