000			01522cad a22002535a 4500
001			L140981
008			071024s2007 xxk f 000 0 eng d
035			_a(Sirsi) u140981
041	0		_aeng
050	0	4	_a333.332 $2 18
100	1		_aHutchison, Norman
245	0	2	_aA real options approach to development land valuation _h[electronic resource]
260			_aLondon _bRICS _c2007
490		0	_aRICS Findings in Built and Rural Environments _vSeptember 2007
520			_aPresents 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.
590			_aKA
651		4	_aUnited Kingdom _y
690			_aPROPERTY-PROPERTY APPRAISAL AND VALUATION
700	1		_aSchulz, Rainer
710	2		_aRoyal Institution of Chartered Surveyors _bResearch _94902
710	2		_aUniversity of Aberdeen _92596
856	4	0	_uhttps://www.rics.org/site/scripts/download_info.aspx?downloadID=3152 _zBroken link - not available
942			_n0
999			_c107590 _d107590