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The reporting of risk in real estate appraisal property risk scoring

By: Contributor(s): Language: English Series: Journal of Property Investment and Finance ; 23(3) 2005, 254-268(15)Publication details: 2005Subject(s): Summary: Aims to examine financial risk management within investment decision-making and the property industry, drawing on recent findings. Also to present an alternative paradigm for the reporting of risk based on techniques used within business applications. In particular it applies a standard credit-rating technique based on the D and B model, to report the level of risk within property pricing/property risk scoring. The UK valuation profession has been criticised for inconsistencies and failures to reflect risk and uncertainty in certain valuation assignments, such as the pricing of urban regeneration land. The IPF/IPD have also concluded that a new approach is needed which combines conventional analysis of returns uncertainty with a more comprehensive survey of business risks. This area has also been highlighted by the Carsberg Report (L129322). [Taken from journal abstract.]
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Journal article London Journal article L129913 (Browse shelf(Opens below)) 1 Available 129913-1001

Aims to examine financial risk management within investment decision-making and the property industry, drawing on recent findings. Also to present an alternative paradigm for the reporting of risk based on techniques used within business applications. In particular it applies a standard credit-rating technique based on the D and B model, to report the level of risk within property pricing/property risk scoring. The UK valuation profession has been criticised for inconsistencies and failures to reflect risk and uncertainty in certain valuation assignments, such as the pricing of urban regeneration land. The IPF/IPD have also concluded that a new approach is needed which combines conventional analysis of returns uncertainty with a more comprehensive survey of business risks. This area has also been highlighted by the Carsberg Report (L129322). [Taken from journal abstract.]