Abstract
A residual valuation is very sensitive to slight variations in its different elements such as rent, initial yield, construction costs, finance rate and building period. Because of this, the Lands Tribunal has regarded this method as one of the last resort (as in First Garden City Ltd v Letchworth Garden City Group (1966); see Butler and Richmond 1990, p. 111).
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© 1996 David Isaac
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Isaac, D. (1996). The Residual Valuation. In: Property Development. Macmillan Building and Surveying Series. Palgrave, London. https://doi.org/10.1007/978-1-349-13902-6_4
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DOI: https://doi.org/10.1007/978-1-349-13902-6_4
Publisher Name: Palgrave, London
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