different solutions to the problem. The determination of the exit value using cyclical capitalization allows for a prudent …

called cyclical capitalization (d’Amato, 2013; d’Amato, 2015; d’Amato, 2017). Design/methodology/approach The proposed … methodologies try to integrate in the appraisal process the role of property market cycles. Cyclical capitalization modelling … future in a different way. It must be stressed the countercyclical nature of the cyclical capitalization that may be helpful …