The uncertainty of valuation

Journal of Property Investment & Finance

Volumn 22, Issue 6, 2004, Pages 484-500

  French, Nick ^a   Gabrielli, Laura ^b  

^a UNIVERSITY OF READING   (United Kingdom)

^b UNIVERSITY IUAV OF VENICE   (Italy)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84992954171     PISSN: 1463578X     EISSN: None     Source Type: Journal    
DOI: 10.1108/14635780410569470     Document Type: Article

References (32)

1. Brown, G. (1991), Property Investment and the Capital Market, E. & F.N. Spon, London.
2. Byrne, P. (1995), “Fuzzy analysis, a vague way of dealing with uncertainty in real estate analysis?”, Journal of Property Valuation and Investment, Vol. 13 No. 3, pp. 22-41.
3. Byrne, P. and Cadman, D. (1984), Risk, Uncertainty and Decision-making in Property Development, 1st ed., E. & F.N. Spon, London.
4. Byrne, P. and Cadman, D. (1996), Risk, Uncertainty and Decision-making in Property Development, 2nd ed., E. & F.N. Spon, London.
5. Crosby, N., Lavers, A. and Murdoch, J. (1998), “Property valuation variance and the ‘margin of error’ in the UK”, Journal of Property Research, Vol. 15 No. 4, pp. 305-330.
6. Evans, A.H. (1992), “Monte Carlo Analysis: a practical application to development appraisal”, Journal of Property Finance, Vol. 3 No. 2, pp. 271-281.
7. Fraser, W.D. (2004), Cash-Flow Appraisal for Property Investment, Palgrave Macmillan, New York, NY.
8. French, N. (1996), “Investment valuations: developments from the Mallinson Report”, Journal of Property Valuation and Investment, Vol. 14 No. 5, pp. 48-58.
9. Hargitay, S. and Yu, S.M. (1993), Propery Investment Decisions: A Quantitative Approach, E. & F.N. Spon, London.
10. Hutchinson, N., Adair, A. and Leheny, I. (2004), “The reporting of risk in real estate appraisal: property risk scoring”, paper presented at the European Real Estate Society (ERES) Annual Conference, Milan.
11. Kelliher, C.F. and Mahoney, L.S. (2000), “Using Monte Carlo simulation to improve long-term investments decisions”, The Appraisal Journal, January, pp. 44-56.
12. Mallinson Committee (1994), Commercial Property Valuations (Mallinson Report), Royal Institution of Chartered Surveyors, London.
13. Mallinson, M. and French, N. (2000), “Uncertainty in property valuation: the nature and relevance of uncertainty and how it might be measured and reported”, Journal of Property Investment and Finance, Vol. 18 No. 1, pp. 13-32.
14. Pellat, P.G.K. (1972), “The analysis of real estate investments under uncertainty”, Journal of Finance, Vol. 27, pp. 459-471.
15. Pyrrh, S.A. (1973), “A computer simulation model to measure risk in real estate investment”, Journal of the American Real Estate and Urban Economics Association (AREUEA), Vol. 1 No. 1, pp. 48-78.
16. Robinson, J. (1989), Property Valuation and Investment Analysis: A Cash Flow Approach, Law Book Company, Sydney.
17. Royal Institution of Chartered Surveyors (RICS) (1996), RICS Appraisal and Valuation Manual, RICS, London.
18. Royal Institution of Chartered Surveyors (RICS) (2002), The Carsberg Report, RICS, London.
19. Royal Institution of Chartered Surveyors (RICS) (2003), RICS Appraisal and Valuation Standards, RICS, London.
20. Whipple, R.T.M. (1988), “Evaluation development projects”, Journal of Valuation, Vol. 6, No. 3, pp. 253-286.
21. Wooford, L.E. (1978), “A simulation approach to the appraisal of income producing real estate”, Journal of the American Real Estate and Urban Economics Association (AREUEA), Vol. 6 No. 4, pp. 370-393.
22. Baum, A. and Crosby, N. (1991), Property Investment Appraisal, Routledge, London.
23. Baum, A., Crosby, N. and MacGregor, B. (1996), “Price formation, mispricing and investment analysis in the property market”, Journal of Property Valuation and Investment, Vol. 14 No. 1, pp. 36-49.
24. Baum, A., Mackmin, D. and Nunnington, N. (1997), The Income Approach to Property Valuation, 4th ed., Thompson, London.
25. Brown, G. and Matysiak, G. (2000), Real Estate Investment. A Capital Market Approach, Prentice-Hall, London.
26. Fisher, J.D. and Martin, R.S. (1994), Income Property Valuation, Dearborn Financial Publishing, Chicago, IL.
27. French, N. (1997), “Market information management for better valuations: concepts and definitions of price and worth”, Journal of Property Valuation and Investment, Vol. 15 No. 5, pp. 403-411.
28. French, N. and Ward, C. (1995), “Valuation and arbitrage”, Journal of Property Research, Vol. 12 No. 1, pp. 1-11.
29. French, N. and Ward, C. (1996), “Applications of the arbitrage method of valuation”, Journal of Property Research, Vol. 13 No. 1, pp. 47-57.
30. MacLeary, A.R. and Nanthakumaran, N. (Eds) (1998), Property Investment Theory, E. & F.N. Spon, London.
31. Peto, R. (1997), “Market information management for better valuations: data availability and application”, Journal of Property Valuation and Investment, Vol. 15 No. 5, pp. 411-422.
32. Peto, R., French, N. and Bowman, G. (1996), “Price and worth: developments in valuation methodology”, Journal of Property Valuation and Investment, Vol. 14 No. 4, pp. 79-100.