000			01539cab a2200313 4500
001			ABS50042
008			090401t1993 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u73807
041			_aeng
100			_aAdams, A. T.
245			_aTheoretical volatility measures for freehold property investments
260			_c1993
350			_a0
490			_aJournal of Property Research _v10(3) Winter 1993, 153-166(8)
520			_aThe value of a freehold property, let with regular rent reviews, is developed using an explicit discounted cash flow (DCF) approach. This enables formulae to show the effect on property values of changes in the investor`s required rate of return and of changes in the anticipated growth rate of rental values. By reformulating the equations in real terms, it is then possible to derive a formula for the theoretical inflation volatility of a property value. The advantages of the explicit DCF approach to property valuation and the usefulness of theoretical volatility measures in property investment analysis are discussed. (Journal abstract)
650			_aDISCOUNTED CASH FLOW
650			_aINVESTMENT ANALYSIS
650			_aRATES OF RETURN
650			_aRENTAL VALUES
650			_aVALUATION FORMULA
650			_aVALUATION METHODS
650			_aVOLATILITY MEASURES
690			_aPROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY FINANCE AND INVESTMENT
690			_aRATING AND VALUATION
700			_aBooth, P.M.
700			_aVenmore-Rowland, P.
942			_n0
948			_c04/03/1997
999			_c46588 _d46588