Investors require to be fully briefed on the risk profile of their investments. The UK valuation profession has been criticized for inconsistencies and failures to reflect risk and this was reinforced by the Investment Property Forum/Investment Property Databank (2000) which highlighted the need...

Recent volatility in the commercial property markets has brought into sharp focus the importance of the cash flow security in property pricing. The explicit contribution of income risk factors, such as covenant strength, to the pricing model does not have a major coverage in the literature. This...

Analysis of local office markets to date has normally assumed a unitary market which implies that the prices of office attributes remain spatially constant across the entire market. This paper challenges that basic presumption, and its objective is to test for the existence of office market...

This study explores the basic premise that depreciation/obsolescence will systematically vary by location and sets out to assess the spatial dimension to these processes. A series of hypotheses linking differential locational rates of depreciation within a framework of local industrial property...

The starting point for this paper is the argument that increased weight of money into commercial property in this decade has led to a convergence of UK provincial city office yields. The paper begins by reviewing the concept of a property yield cycle and the notion of a city risk premium, and...

Due to a combination of government planning policies and market pressures in England in the period 2000--2008, there was an increase in the construction of flats and high-density developments and a decline in the construction of houses. In this paper, an analysis of the effects of these policy...