... search was conducted to identify the application of specific value theory, premises and concepts with appropriate valuation techniques in given economic regimes. The variables derived from the literature and practices observed and designated as operating across time emphasizing recorded recessions...

... does not increase, demand for commercial property investments will not recover because a high rate of increase in land prices cannot be expected in the future. © MCB UP Limited 1996 Commercial property Investment Japan Real estate Recession In Japan, land value is a main factor...