... and CAPM (capital asset pricing model) and so base their analysis on the capitalisation rate being a function of: expected real rental growth, expected inflation, risk free rate, a market return on equities and a real estate beta. They use an ECM (error correction modelling) approach and capture a long‐run...

... and price models are compared. Outliers detected by LMS estimation are examined. Also, the influence of potential data errors on the OLS and LMS regressions is illustrated by introducing an error in one observation and studying the effect on estimated coefficients. Capitalization rates used in the property...

... of assets and liabilities. An asset can either be something currently held by the company (money, land, buildings, goods, brand names, investments, etc.) which can be sold at any time to release the capital. It can also be something that is owed to the company by somebody else (loans, unpaid debts...

... of a cash flow approach. a. by comparison with reverse premiums paid in the open market as an inducement to a tenant to take a lease or assignment of a lease... b. where there is no open market evidence, by assessing the capital sum which would need to be set aside to offset the negative cash...

... is arrived at by examining the profit potential of the subject property. The traditional 'textbook' approach to calculate the capital value for a freehold property takes the next year's estimated gross receipts less working expenses such as property rates, property insurance and a reserve for repairs...

...R.J. Barkham; D.E. Purdy Aims to alert members of the surveying professions to the potential weaknesses of property company accounts. Discusses the valuation of investments, the disposal of investment properties, capitalization of interest and off‐balance‐sheet finance. Examines the implications...