Purpose – Residential property price indices (RPPI) are widely used to monitor trends. This article aims to pose the question as to whether the choice of methodology is significant or whether there are material differences in average prices, price trends, and market turning points between...

Purpose – The purpose is to review what is known about property bubbles and their causes. Design/methodology/approach – The method has been to review the literature on bubbles in the property and other asset markets to examine their likely causes and whether there are specific aspects of the...

Purpose – The purpose of this paper is to review what is known about obsolescence and its causes, and provide a critique of how it is reflected in valuations. Design/methodology/approach – The method has been to review the literature on obsolescence to examine the main causes and whether...

Purpose – The purpose of this paper is to review what is known about property cycles following the financial crisis of 2008. Design/methodology/approach – The method is to review the literature on property cycles published since the 1930s, to examine the extent to which endogenous causes...

Purpose – The article aims to examine why residential property price indices (RPPI) are important, particularly in the European Union (EU) with its highly integrated financial system and examines the problems in developing a pan-European price index that aggregates the indices of different...

Purpose: This study aims to present the findings from a series of case studies that examine the problems faced by countries seeking to introduce value-based recurrent property taxes to replace the ones levied on the basis of area or inventory value. It identifies that two of the most...

Purpose: The purpose of this paper is to review the issues involved in land value taxation and betterment and the issues involved in apportioning value between land and improvements. Design/methodology/approach: The theoretical and valuation issues in betterment are reviewed and a case study of...