... valuation Lending Gilts Appraisal Financial stability Prudence It is widely understood that property valuation is the professional process of estimating the economic value, or fair market value, of a real estate asset at a specific point in time. Recently, pressure has been put on valuers to go...

... estate investment markets in developed economies. It also builds on the Sustainable Property Appraisal Project (Ellison and Sayce, 2006), which identified how the emergence of more resilient green buildings could impact on factors such rental growth, depreciation, duration to sale and duration to let...

... facilitates timely property evaluations for lending purposes. The methods demonstrated also offer real estate finance educators a practical means of connecting the loan underwriting process with property appraisal thereby facilitating conceptual understanding. Originality/value The key finding is original...

... Licensed re-use rights only Germany Valuation Appraisal DCF Income approach The majority of property valuation techniques can be divided into three categories: cost approach, comparison approach and income approach. Even though all three methods are used internationally, they can differ...

... Carlo Simulation model needs to be used in a complementary fashion with an understanding of human judgement and decision making. Research limitations/implications A fuller analysis may include an examination of the uncertainties in each of the components of the appraisal and account...

...Carl R. Gwin; Clark L. Maxam Are real estate appraisals based on fundamentals that determine the value of the real estate or on offer price? Does this question really matter? In a game of moral hazard with hidden information, we examine an appraiser’s incentives in conducting an appraisal. We find...

... that a traditional market value appraisal of each individual property may not be necessary or optimal when the objective is to value portfolios or get a leading indicator of shifts in market value at an aggregate level. Rather, it is more important to use a critical mass of current market data that captures...

...Anthony Andrew; Michael Pitt In the current climate of outsourcing services the extent to which facilities managers make use of external contractors to supply property valuations and appraisals has grown significantly. In‐house facilities or property managers in the UK that are members of the Royal...

...LOU HOWARD Accurate real estate appraisal relies upon good market analysis, sound feasibility studies and correct professional practice. This paper discusses, by way of case study, how a failure to comply with these criteria, coupled with loose management and inadequate auditing, can lead...

...PHILIP WHITE The comparison of appraisal and valuation techniques between countries must ideally review methods currently used by practitioners. In the absence of such detailed research, an impression of current practice can be gleaned by comparing recent articles in the main valuation journals...