Abstract
This chapter will look at a number of issues which extend the theory and examples in the rest of the book. It extends the analysis of risk in the single project by considering portfolio analysis. It extends the application of taxation and the cost of capital by looking at the adjusted present value method. Finally, it extends the application of the explicit discounted cash flow approach by considering depreciation in property appraisal.
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References
Baum, A. and Crosby, N. (1988). Property Investment Appraisal, Routledge and Keegan Paul, London.
Bowie, N. (1982). Depreciation: Who hoodwinked whom?, Estates Gazette, London, 1 May.
Brown, G. R. (1987). ‘Analysing Property Developments’, paper given at a conference on Property Development Appraisals, Cafe Royal, London.
Brown, G. R. (1988). Portfolio Theory and Property Investment Analysis, in A. R. MacLeary and N. Nanthakamaran (eds), Property Investment Theory, Spon, London.
Salway, F. (1987). ‘Building Depreciation and Property Appraisal Techniques’, Journal of Valuation, Volume 5, No. 5.
Trott, A. (ed.) (1986). ‘Property Valuation Methods’, Research Report, Royal Institution of Chartered Surveyors/Polytechnic of the South Bank, July.
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© 1991 David Isaac and Terry Steley
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Isaac, D., Steley, T. (1991). New Directions. In: Property Valuation Techniques. Macmillan Building and Surveying Series. Palgrave, London. https://doi.org/10.1007/978-1-349-21573-7_16
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DOI: https://doi.org/10.1007/978-1-349-21573-7_16
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-47151-7
Online ISBN: 978-1-349-21573-7
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